• 3 days Ireland Balks At Biden’s Global Tax Plan
  • 6 days Robinhood To Trade On Nasdaq Targeting $32B Valuation
  • 10 days Facial Recognition Is Watching You
  • 11 days Biden’s $3.5T ‘Human Infrastructure’ Workaround
  • 11 days The Fed’s $3 Trillion Headache
  • 14 days Why Bitcoin Could Struggle To Recover After Epic Crash
  • 14 days Wells Fargo Back In The Spotlight Over Personal Loan Cancellations
  • 15 days Delta Variant Real Threat To Economic Recovery
  • 18 days JEDI Drama Continues With Microsoft Contract Cut
  • 20 days DiDi Shares Take a Beating From Chinese Regulators
  • 21 days Thousands Of Companies Hit In Latest Ransomware Attack
  • 21 days Jobs Report Has Big Numbers, But Still Big Problems
  • 22 days Robinhood’s ‘Mission’ Questioned in $70M Fine
  • 25 days Didi Just Went Public, And Uber Is Loving It
  • 26 days Islamic Finance On Track To Hit $3.7 Trillion
  • 27 days The Lumber Bubble Is Bursting
  • 31 days A New Entry In The Two Trillion Dollar Club
  • 31 days 3 Upcoming IPOs To Watch As IPO Market Rebounds
  • 33 days Welcome To The Used Car Bonanza
  • 34 days The Year Of The Retail Investor Keeps Getting Bigger
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/JPY - Trading In Range

USD/JPY's short-term buying pressures have faded around hourly resistance given at 102.83 (02/08/2016 high). A failure to go above 102.83 indicates a continued medium-term bearish momentum. Hourly support is given at 100.68 (02/08/2016 low).

We favour a long-term bearish bias. Support is now given at 96.57 (10/08/2013 low). A gradual rise towards the major resistance at 135.15 (01/02/2002 high) seems absolutely unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment