USD/JPY Technical Analysis: Will USD Rise Above 145.00?

Thursday, 26 September 2024, 02:29

USD/JPY analysis indicates that the USD has scope to extend above 145.00 amidst critical levels of resistance. The outlook for banks remains cautious as the significant barrier of 145.50 appears unreachable at this time. Long-term projections suggest potential recovery for the USD.
Fxstreet
USD/JPY Technical Analysis: Will USD Rise Above 145.00?

USD/JPY Technical Insights

The ongoing performance of the USD/JPY pair presents intriguing signals. The recent advances suggest that the US Dollar (USD) could extend its strength beyond 145.00.

Key Resistance Levels

  • The major resistance for USD/JPY stands at 145.50.
  • However, this resistance level currently seems to be out of reach.

Long-Term Outlook for Banks

A sharp advance in the USD strengthens the view that recovery potential remains viable.

For detailed updates, please check back regularly.


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.


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