USD/JPY Faces Resistance Challenge – Analysis by Société Générale
The USD/JPY pair is struggling to maintain momentum as it confronts significant resistance levels. Analysts from Société Générale warn of a deeper pullback, potentially heading towards the 140 threshold and beyond. Current market conditions present challenges for the USD/JPY as it battles against both technical barriers and evolving market sentiment. Consequently, traders must remain cautious and prepared for possible volatility within this currency pair. Monitoring these resistance levels will be crucial for adjusting strategies accordingly in the forex market. The analysis underscores the importance of technical indicators in navigating these fluctuations.