- Analytics
- News and Tools
- Market News
- USD/JPY: Uptrend likely to extend on a break above the peak of 2022 near 152 – SocGen
USD/JPY: Uptrend likely to extend on a break above the peak of 2022 near 152 – SocGen
USD/JPY advances to within striking distance of the October 2022 high of 151.95. Economists at Société Générale analyze the pair’s outlook.
Only on a break below 148.80 would there be risk of a larger down move
USD/JPY successfully defended the support of 148.80 representing late October low in recent pullback. This test has resulted in a bounce. The pair is now challenging the peak of 2022 near 152. If this hurdle is overcome, the phase of uptrend is likely to extend towards next projections at 152.80 and 153.60.
Only if the pair breaks recent pivot low near 148.80 would there be risk of a larger down move.
© 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
