USD/JPY: The Technical Analysis on Potential Break Above 145.70
USD/JPY Technical Analysis: The US Dollar (USD) has shown signs of advancing, with technical analysis from bank analysts indicating that the momentum is sufficient to break above the stubborn resistance level at 145.70. This critical point has been a significant barrier for some time.
As we examine the long-term trends, there are indications that the downward momentum is decreasing, creating an opportunity for the USD to gain traction. A successful breach at 145.70 would potentially unlock new levels of strength for the currency pair.
Key Indicators and Analysis
- Current Momentum: The USD is showing signs of an upward trend.
- Historical Resistance Levels: 145.70 has been a strong resistance point.
- Potential Outcomes: Breaching this level could lead to further advances.
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.