USD/JPY Technical Analysis: Closing Above 144.50 Indicates Move Towards 149.00

Wednesday, 25 September 2024, 06:51

USD/JPY's technical analysis today reveals that closing over 144.50 paves the way to a target of 149. Coach Dale elaborates on the impactful movement during the Live Trading session. This crucial price level offers strategic insights for traders looking to capitalize on USDJPY's trajectory.

Fxstreet — USD/JPY Technical Analysis: Closing Above 144.50 Indicates Move Towards 149.00

USD/JPY Technical Analysis Overview

In today’s TradeGATEHub Live Trading session, Coach Dale discusses the significant movement in USDJPY, noting that closing over 144.50 sets a new target at 149.00. This move could potentially drive the currency pair into a bullish momentum.

Key Levels to Watch

Current Resistance: 144.50
Next Target: 149.00

As the market reacts, traders should remain vigilant about price action near these levels.

Impact on Traders

Market participants are advised to consider adjusting their strategies based on the breakout above 144.50, as this indicates potential upcoming volatility and trading opportunities.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.