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Daily technical outlook for USD/JPY: Societe Generale

Monday, February 23, 2015 11:39 AM UTC

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 triangle support at 115.80/50 looks plausible.

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Daily technical outlook for USD/JPY: Societe Generale

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