• USD/JPY to extend its decline on failure to surpass last week high at 131.20 – SocGen

Noticias del mercado

31 enero 2023

USD/JPY to extend its decline on failure to surpass last week high at 131.20 – SocGen

USD/JPY has formed a tentative low near 127.20. A break above 131.20 is essential to affirm short-term bounce, economists at Société Générale report.

Signals of a trend reversal are not yet visible

“A pause is underway, however, signals of a trend reversal are not yet visible.”

“Last week high of 131.20 is short-term resistance. Failure to overcome this would mean continuation in the phase of decline.”

“If the pair breaches recent trough at 127.20, the downtrend could extend towards 2015 levels of 125.85 and 124.00.”

 

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: