USD/JPY is experiencing a pause after forming a double top near 116.35. A break above here would clear the way for further gains towards 117.10/117.40, economists at Société Générale report.
Neckline at 113.45 is critical support
“Neckline at 113.45 is crucial support. A large downside is not envisaged.”
“Crossing 116.35 will take the pair towards a multiyear trend line at 117.10/117.40.”