(02 OCTOBER 2017)USD / JPY:Continued bullish momentum.

(02 OCTOBER 2017)USD / JPY:Continued bullish momentum.

2 October 2017, 13:32
Jiming Huang
0
17

jpy


Continued bullish momentum.

(By Yann Quelenn)

• USD/JPY is still lying into a bullish momentum 

despite ongoing consolidation. Strong support 

is located at 111.12 (20/09/2017 low). The pair is 

way into a bullish trendh. Yet, downside risks are 

rising as markets may soon take some short-term 

profit. 

• 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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