(13 NOVEMBER 2017)USD / JPY:Ready to bounce back.

(13 NOVEMBER 2017)USD / JPY:Ready to bounce back.

13 November 2017, 12:44
Jiming Huang
0
22
jpy

Ready to bounce back.

(By Yann Quelenn)

• USD/JPY is riding uptrend channel below

former resistance at 114.49 (11/07/2017 high).

Hourly support is given at 113.09 (09/10/2017

low). Strong support is located at a distance 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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