USD/JPY to see further gains on a breach of the 114.70/115.50 zone – SocGen

USD/JPY has embarked on a phase of pullback after reaching graphical resistance zone of 114.70/115.50. A break above here is needed to see another leg higher, economists at Société Générale report.

Important support sits at 112.23/111.65 

“The 114.70/115.50 hurdle must be overcome for next leg of uptrend.” 

“112.23/111.65 will be an important support.”