• 317 days Could Crypto Overtake Traditional Investment?
  • 322 days Americans Still Quitting Jobs At Record Pace
  • 324 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 327 days Is The Dollar Too Strong?
  • 328 days Big Tech Disappoints Investors on Earnings Calls
  • 328 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 330 days China Is Quietly Trying To Distance Itself From Russia
  • 330 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 334 days Crypto Investors Won Big In 2021
  • 335 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 335 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 338 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 338 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 341 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 342 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 342 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 344 days Are NFTs About To Take Over Gaming?
  • 345 days Europe’s Economy Is On The Brink As Putin’s War Escalates
  • 348 days What’s Causing Inflation In The United States?
  • 349 days Intel Joins Russian Exodus as Chip Shortage Digs In
How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  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