- Analytics
- News and Tools
- Market News
- USD/JPY: Beyond 140.30, next potential hurdles are located at 141.60 and 142.50/142.80 – SocGen
USD/JPY: Beyond 140.30, next potential hurdles are located at 141.60 and 142.50/142.80 – SocGen
Economists at Société Générale analyze USD/JPY technical outlook.
Defending 138/137.20 an lead to continuation in up move
“USD/JPY broke out above the upper end of its range since December and has achieved the earlier highlighted target of 140.30 representing projections. An initial pullback is not ruled out however the 200-DMA near 138/137.20 should be an important support zone. Defending this can lead to continuation in up move.”
“Beyond 140.30, next potential hurdles are located at the upper limit of a multi-month channel near 141.60 and 142.50/142.80.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
