USD/JPY fails at key resistance – Société Générale

By: bitcoin ethereum news|2025/05/07 20:30:03
0
Share
copy
USD/JPY struggles to sustain upward momentum, with a failure at key resistance and risks building for a deeper pullback toward 140 and below, Société Générale’s FX analysts note. Downtrend may extend “USD/JPY up move has so far remained short of the hurdle of 146.50 representing March low and the 50-DMA. It has breached the channel that encompassed recent bounce denoting a lack of steady upward momentum.” “Recent pivot low of 142 is next important support. In case the pair fails to defend it, the phase of downtrend may extend. Next objectives could be located at 140/139.50 and projection of 136.50.” Source: https://www.fxstreet.com/news/usd-jpy-fails-at-key-resistance-societe-generale-202505071023

You may also like

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.

Popular coins

Latest Crypto News

Read more