USD/JPY Technical Analysis: Currencies Reach Doji Pattern Resistance
Thursday, 26 September 2024, 13:16
USD/JPY currencies have encountered a pivotal moment as Thursday's price action showcases a doji pattern, signaling market indecision at the resistance level of 145.00.
If USD/JPY buyers manage to lift prices above the September 26 high at 145.21, this could indicate a break and challenge the 50-day moving average (DMA).
With the doji indicating possible reversal, traders are advised to remain vigilant as the technical analysis unfolds. Watch for confirmation of these signals before making significant trading decisions.
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.