USD/JPY: Beyond 140.30, next potential hurdles are located at 141.60 and 142.50/142.80 – SocGen USDJPY Technical Analysis Banks
“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.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions.
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