The U.S. Dollar is gaining momentum against the Yen as markets anticipate a potential Fed rate hike. On the daily chart, price has broken above 157.70, holding firm above support at 155.04.
Targets: Upside projections point to 160.89 (Target 1) and 162.06 (Target 2).
Stop‑Loss: Risk is managed near 157.03, just below recent consolidation.
Trend Context: Sustained higher lows since May confirm bullish structure, with momentum favoring continuation toward resistance zones.
Technical Bias: As long as price holds above 157.00, bulls remain in control, eyeing the profit zone highlighted between entry and targets.
Targets: Upside projections point to 160.89 (Target 1) and 162.06 (Target 2).
Stop‑Loss: Risk is managed near 157.03, just below recent consolidation.
Trend Context: Sustained higher lows since May confirm bullish structure, with momentum favoring continuation toward resistance zones.
Technical Bias: As long as price holds above 157.00, bulls remain in control, eyeing the profit zone highlighted between entry and targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.