• 1,076 days Will The ECB Continue To Hike Rates?
  • 1,076 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,078 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,478 days Could Crypto Overtake Traditional Investment?
  • 1,482 days Americans Still Quitting Jobs At Record Pace
  • 1,484 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,487 days Is The Dollar Too Strong?
  • 1,488 days Big Tech Disappoints Investors on Earnings Calls
  • 1,489 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,490 days China Is Quietly Trying To Distance Itself From Russia
  • 1,491 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,495 days Crypto Investors Won Big In 2021
  • 1,495 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,496 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,498 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,498 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,502 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,502 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,502 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,505 days Are NFTs About To Take Over Gaming?
The Problem With Modern Monetary Theory

The Problem With Modern Monetary Theory

Modern monetary theory has been…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

  1. Home
  2. Markets
  3. Other

USD/JPY - Turning Downwards Within Range

USD/JPY is trading sideways below resistance at 112.20 (31/03/2017 high) and 110.11 support. Stronger resistance can be located at 113.57 (16/03/2017 high) while support is given at 110.11 (27/03/2017 low).

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