- Analytics
- News and Tools
- Market News
- USD/JPY: Uptrend likely to extend on a break past 152.00 – SocGen
USD/JPY: Uptrend likely to extend on a break past 152.00 – SocGen
USD/JPY is trading sideways near 151.35. Economists at Société Générale analyze the pair’s outlook.
150.20 is first support
USD/JPY is in vicinity to the upper limit of its range since October 2022 near 152.00 which has remained a crucial graphical level.
Daily MACD is anchored within positive territory denoting prevalence of upward momentum.
The pair has evolved within a brief pause since last week; the lower end of this consolidation at 150.20 is first support.
In case the pair overcomes 152.00, the uptrend is likely to extend. Next potential objectives could be located at projections of 153.10 and 155.50.
© 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
