Technical Analysis

USD/JPY Short-Term Bullish Momentum

Typography

USD/JPY keeps on pushing higher. The pair has strongly bounced back. Hourly resistance is given at 112.70 (30/11/2017 high).

We favor a long-term bearish bias. Support is now given at 99.02 (10/08/2013 low). A gradual rise towards the major resistance at 125.86 (05/06/2015 high) seems unlikely. Expected to decline further support at 93.79 (13/06/2013 low).

Author: Swissquote Bank SA Website: http://en.swissquote.com/fx
Swissquote Bank SA
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