(21 AUGUST 2017)USD / JPY:Continued bearish pressures.

(21 AUGUST 2017)USD / JPY:Continued bearish pressures.

21 August 2017, 13:44
Jiming Huang
0
21

jpy

Continued bearish pressures.

(By Yann Quelenn)

• USD/JPY's bearish pressures are back towards 

former support at 108.83 (17/04/2017 low). 

Expected to show another leg lower. 

• 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).


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