#USDJPY @ 144.332 : Critical support aligns at July’s high of 139.40 – SocGen
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The USD/JPY uptrend has paused after approaching 146. The pair could suffer a deeper fall on a break under key support 0f 139.40, analysts at Société Générale report.
“Negatively diverging daily MACD points towards receding upward momentum.”
“July’s high of 139.40 is a crucial support. In case the pair fails to defend, there could be a risk of a short-term downtrend.”
“Beyond 146, next potential hurdles are located at projections of 148/150.”
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