• 1 day Goldman Slashes Oil Price Forecast By $10
  • 2 days Tesla Raises $2 Billion In Share Selloff
  • 3 days What The T-Mobile Takeover Of Sprint Really Means For Markets
  • 3 days The U.S. Has Charged Huawei With Racketeering And Conspiracy
  • 3 days How Hydrogen Could Become The Fuel Of The Future
  • 4 days Millennials Can’t Retire, But They’ll Still Have To Help Their Parents
  • 4 days This Gold Miner Just Increased Its Dividends By 40%
  • 4 days Airbnb IPO Under Threat As China's Economy Drags
  • 5 days The Infamous Equifax Hack Just Became A National Security Issue
  • 5 days BHP Takes The Crown As World’s Top Copper Miner
  • 5 days Tesla Reopens Chinese Factory After Coronavirus Scare
  • 6 days Armed Troops Storm El Salvador’s Parliament
  • 6 days Is A New Housing Bubble Forming?
  • 6 days The Biggest Challenge Facing West Africa's Single Currency Plan
  • 6 days Iran's Space Program Hits Another Snag
  • 7 days The Politics Of Love In The Digital World
  • 7 days Coronavirus: Much Ado About Nothing?
  • 8 days Are Silver Stocks Poised For A Breakout?
  • 8 days Is This The Tesla Of Motorcycles?
  • 9 days Is This The Biggest Threat To The Global Economy?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

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…

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 - Ready For Another Leg Lower

USD/JPY has failed to break key resistance given at 115.62 (19/01/2016 high) confirming persistent selling pressures. The pair has broken strong support at 111.36 (28/11/2016 low). Hourly resistance can be located at 113.57 (16/03/2017 high).

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