(30 OCTOBER 2017)USD / JPY:Heading higher.

(30 OCTOBER 2017)USD / JPY:Heading higher.

30 October 2017, 12:35
Jiming Huang
0
17

jpy


Heading higher.

(By Yann Quelenn )

• USD/JPY has bounced back lower after

reaching after setting a new hourly resistance at

114.24 (25/10/2017 high). 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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