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

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

Strong U.S. Dollar Weighs On Blue Chip Earnings

Strong U.S. Dollar Weighs On Blue Chip Earnings

Earnings season is well underway,…

  1. Home
  2. Markets
  3. Other

USD/JPY – Renewed Bearish Pressures

USD/JPY is trading lower. Hourly support has been broken at 110.24 (18/05/2017 low). Hourly resistance is given at 112.13 (24/05/2017 high). Stronger support is located at 108.13 (17/04/2017 low). Other key supports lie at a distance 106.04 (11/11/2016 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