• 16 hours New TikTok Deal Hopes To Bypass National Security Concerns
  • 1 day Where Will Gold Go From Here?
  • 2 days COVID-19 Is Fueling A Pastic Waste Crisis
  • 2 days Gold Output Set To Decline
  • 3 days Uber And Lyft Look To Go Electric
  • 4 days COVID-19 Is Crushing Palladium Demand
  • 5 days This ‘Once-Boring’ Tech Company Is Now Super Hot
  • 6 days Will Air-Based Protein Be Our Future Food?
  • 6 days Google Pledges To Go Carbon-Free By 2030
  • 7 days A New Twist In The TikTok Saga
  • 7 days Gold Inches Closer To $2,000
  • 8 days Delivery Drones Are Coming Sooner Than You Think
  • 8 days Traders See More Volatility Ahead For Commodities
  • 9 days How COVID-19 Is Transforming The World's Sovereign Wealth Funds
  • 9 days Electric Vehicle Demand Set To Outpace Battery Metal Production
  • 10 days Copper Continues To Outperform
  • 11 days The Jury Is In: ESG Is A Megatrend Now Worth $250B
  • 11 days Today’s Young Adults Aren’t Leaving the Nest
  • 12 days Positive Economic News Could Be Bad For Gold
  • 13 days Why The S&P 500 Snubbed The Most Valuable Car Company In The World
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

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 - Old Resistance Becomes New Support

USD/JPY's buying pressures are important. The pair is making new highs day after day. Hourly support is given around 109.80 (16/11/2016 low). Stronger hourly support lies at 108.56 (17/11/2016 low). Expected to see further upside moves.

We favor 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