USD/JPY Technical Analysis: Insights from Banks on Current Momentum
Monday, 21 October 2024, 03:34
USD/JPY Sideways Range Forecast
The USD/JPY pair is in a unique position, with banks indicating a probable sideways trading range of 149.00 to 150.00. This forecast aligns with recent technical analysis suggesting a mild improvement in momentum.
Potential Movement to 151.00
While the technical indicators reflect a stable outlook, the USD may strive to reach 151.00 in the longer run. Traders should monitor the market closely for any shifts in momentum.
- Current Trading Range: 149.00 - 150.00
- Potential Target: 151.00
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.