• USD/JPY: 200-DMA near 146.00 is crucial support near term – SocGen

Noticias del mercado

1 marzo 2024

USD/JPY: 200-DMA near 146.00 is crucial support near term – SocGen

USD/JPY extends rebound from Thursday’s low of 149.21. Economists at  Société Générale analyze the pair’s outlook.

A revisit of last year’s high near 152.00 is on the cards

USD/JPY recently crossed above both 50-DMA and 200-DMA resulting in extension of its bounce. It has experienced a brief pause recently.

Daily MACD has turned flat but remains anchored in positive territory denoting prevalence of upward momentum. 

A revisit of last year’s high near 152.00 can’t be ruled out. If this is overcome, a larger uptrend is likely towards next projections at 154.50/155.00. 

The 200-DMA near 146.00 is crucial support near term.

 

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: