- USD/JPY: Next hurdles located at 151.25 and last year high of 152/152.80 – SocGen
Market news
31 tháng 10 2023
USD/JPY: Next hurdles located at 151.25 and last year high of 152/152.80 – SocGen
USD/JPY rebounds above 150. Economists at Société Générale analyze the pair’s outlook.
148.85 must be breached to affirm a short-term decline
It is worth noting that daily MACD has been posting negative divergence since July denoting receding upward momentum however, signals of price break have not yet developed.
The recent pivot low of 148.85 is a crucial support. This must be breached to affirm a short-term decline.
The next potential hurdles are located at projections of 151.25 and last year high of 152/152.80.
Market Focus
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 disclaimerOpen Demo Account & Personal Page