- Analytics
- News and Tools
- Market News
- USD/JPY to extend the bounce toward 137.00/70 on a cross above 135.50 – SocGen
USD/JPY to extend the bounce toward 137.00/70 on a cross above 135.50 – SocGen
USD/JPY has surpassed the 135 level. Economists at Société Générale analyze the pair's technical picture.
130/129.80 should be a crucial support
“Sellers stay sidelined after neutral comments by Ueda on policy and inflation.”
“Projection at 135.50 is next resistance. An initial pullback is not ruled out, however, recent pivot low at 130/129.80 should be a crucial support.”
“Cross above 135.50 can lead to an extended bounce toward the 200-DMA at 137.00/137.70.”
See: USD/JPY could hit the 136/137 area over the next couple of weeks – ING
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
