USDJPY Technical Analysis: Banks Predict 149.40 Out of Reach Today
Monday, 7 October 2024, 04:11
Current USDJPY Technical Analysis
In the latest USDJPY technical analysis, the focus is on the level of 149.40, which appears to be out of reach for banks today. Impulsive momentum is pointing to further strength for the US Dollar (USD), while overbought conditions suggest caution among traders.
Market Outlook
Looking forward, it’s expected that the USD will continue its upward trajectory. Market participants should remain alert for potential fluctuations.
- Target Level: 149.40
- Current Trend: Bullish USD
- Investor Sentiment: Cautious
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.