SocGen: USD/JPY poised for brief pullback towards 145 before targeting 152 ...Middle East

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SocGen: USD/JPY poised for brief pullback towards 145 before targeting 152
SocGen anticipates a temporary pullback in USD/JPY towards 145, followed by a potential rally towards the significant resistance level near 152.Key Points:Recent Performance:USD/JPY has formed a higher trough at 141.60 and is currently in a short-term rebound, having surpassed its 50-day moving average (DMA) at 145 and recently tested the pivot high of 149.45.Technical Indicators:The daily MACD indicator is moving into positive territory, suggesting a resurgence of upward momentum for the currency pair.Potential Pullback:While a brief pullback to the 145 level cannot be ruled out, holding this moving average could lead to an extended upward movement.Resistance Levels:Key resistance is observ

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