(18 SEPTEMBER 2017)USD / JPY:Monitoring resistance area

Monitoring resistance area.

(By Yann Quelenn )

• USD/JPY is now monitoring resistance area 

around 111. Strong support is located at 107.32 

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

downside pressures if the pair fails to break 

resistance at 111.05 (04/08/2017 high). 

• 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).