(06 NOVEMBER 2017)USD / JPY:Breaking resistance at 114.49.

Breaking resistance at 114.49.

(By Yann Quelenn)

• USD/JPY is edging higher above resistance

stands 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).