Continued weakness
(Yann Quelenn )
• USD/JPY's bearish momentum continues.
Hourly support given at 110.62 (24/06/2016 low)
has been broken. Stronger support is located at
a distance at 108.83 (17/04/2017 low). Expected
to show further downside pressurs.
• We favor a long-term bearish bias. Support is
now given at 96.57 (10/08/2013 low). A gradual
rise towards the major resistance at 135.15
(01/02/2002 high) seems absolutely unlikely.
Expected to decline further support at 93.79
(13/06/2013 low).
