(11 SEPTEMBER 2017)USD / JPY:Bullish consolidation.

(11 SEPTEMBER 2017)USD / JPY:Bullish consolidation.

11 September 2017, 13:31
Jiming Huang
0
17

jpy

Bullish consolidation.

(By Yann Quelenn )

• USD/JPY is consolidating higher but the trend

is clearly negative. Strong support is located at 

106.95 (08/09/2017 high). Expected to show 

further downside pressures. 

• We favor a long-term bearish bias. Support is 

now given at 99.02 (10/08/2013 low). A gradual 

rise towards the major resistance at 125.86 

(05/06/2015 high) seems unlikely. Expected to 

decline further support at 93.79 (13/06/2013 low).


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