• USDJPY: Break of 137.80 can deepen the decline – SocGen

Noticias del mercado

18 noviembre 2022

USDJPY: Break of 137.80 can deepen the decline – SocGen

USDJPY has experienced a deeper pullback after breaking below graphical levels of 145.00. Break of 137.80 can extend the downtrend, economists at Société Générale report.

Bounce likely but resistance at 143.50

“An initial rebound is not ruled out however 143.50 and the lower limit of previous range at 145 are likely to be short-term resistance levels.”

“Holding below 143.50, there would be a risk of one more leg of decline.”

“Violation of 137.80 can result in extension in down move towards 200-DMA near 134 and 132.50.” 

 

Enfoque del mercado
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer
Abrir cuenta demo y página personal
Entiendo y acepto la Política de Privacidad y estoy de acuerdo con que mi nombre y datos de contacto sean procesados por TeleTrade y utilizados para contactarme en lo referente a: