• 652 days Will The ECB Continue To Hike Rates?
  • 652 days Forbes: Aramco Remains Largest Company In The Middle East
  • 654 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,054 days Could Crypto Overtake Traditional Investment?
  • 1,058 days Americans Still Quitting Jobs At Record Pace
  • 1,060 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,064 days Is The Dollar Too Strong?
  • 1,064 days Big Tech Disappoints Investors on Earnings Calls
  • 1,065 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,066 days China Is Quietly Trying To Distance Itself From Russia
  • 1,067 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,071 days Crypto Investors Won Big In 2021
  • 1,071 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,072 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,074 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,074 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,078 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,079 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,079 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,081 days Are NFTs About To Take Over Gaming?
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…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

  1. Home
  2. Markets
  3. Other

USD/JPY - Ready To Bounce Back Higher

USD/JPY is pushing higher since the pair broke resistance given at 112.20 (31/03/2017 high). Hourly support can be found at 113.86 (11/05/2017 low). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distant 106.04 (11/11/2016 low). Expected to show continued bullish pressures.

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