Synopsis:SocGen anticipates USD/JPY to continue its upward trajectory, targeting 161.80 initially and 163.75 subsequently. The pair has broken above an ascending triangle pattern, indicating a resumption of the uptrend, supported by strong momentum.Key Points:Technical Breakout: USD/JPY defended the 50-DMA last month and broke above an ascending triangle, confirming an uptrend.Momentum Indicators: Daily MACD remains positive, signaling continued upward momentum.Target Levels: Next objectives are 161.80 and 163.75.Support Zone: In case of a short-term pullback, 158.80/158.00 should act as potential support.Conclusion:SocGen expects USD/JPY to drift towards 161.80, with further potential up to
Hence then, the article about societe generale targeting 163 75 in usd jpy was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Société Générale targeting 163.75 in USD/JPY )