(23 OCTOBER 2017)USD / JPY:Bullish surge continues.

(23 OCTOBER 2017)USD / JPY:Bullish surge continues.

23 October 2017, 13:49
Jiming Huang
0
13

jpy


Bullish surge continues.

(By Peter Rosenstreich)

• USD/JPY jumped thru resistance located at 113.44. Next key resistance can be found at 114.49 (11/07/2017 high). Support is located at 111.12 (20/09/2017 low). • 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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