USD/JPY: Potential for 107.80/108.00 near term - SocGen

FXStreet (Bali) - USD/JPY has the potential to inch towards 107.80/108 in the coming sessions, notes Societe Generale.

Key Quotes

"USD/JPY confirmed an inverted H&S and now has given a breakout above the multiyear trend line resistance. It is approaching the decade long channel limit at 108-110.70. 103.03 will be an important support. For the day, the pair will inch higher towards 107.80/108."