Commentary
Add as a preferred source on GoogleQuotes from Societe Generale Cross Asset Research: -After an accelerated up move, USD/JPY is evolving within a consolidation which appears to be a triangle (120.70/85-115.50). -Monthly indicator is close to resistance an…
Quotes from Societe Generale Cross Asset Research:
-After an accelerated up move, USD/JPY is evolving within a consolidation which appears to be a triangle (120.70/85-115.50).
-Monthly indicator is close to resistance and the upside looks capped. Only a break above 120.70/85 will mean extension in uptrend. A re-test of traingle support at 115.80/50 looks plausible.
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