🔔🔔🔔Gold news:
➡️ Ongoing trade tensions and rising geopolitical risks are likely to limit further losses for the Japanese yen, a traditional safe-haven currency. Meanwhile, the Bank of Japan's hawkish outlook stands in sharp contrast to expectations that the Federal Reserve will lower borrowing costs further in 2025, especially after Wednesday's weaker U.S. economic data.
➡️ This divergence could prevent any significant appreciation of the U.S. dollar and continue to support the lower-yielding yen, prompting caution among USD/JPY speculators. Traders may also prefer to stay on the sidelines ahead of potential talks between U.S. President Donald Trump and Chinese President Xi Jinping, as well as the upcoming U.S. Non-Farm Payrolls (NFP) reported on Friday.
Personal opinion:
➡️ USD/JPY will maintain within the downtrend line and wait for the most important news of the week which is the US NF.
➡️ Analysis based on support resistance levels and Pivot points combined with trend lines to come up with suitable strategies
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 1434.10 - 144.20
❌SL: 144.60 | ✅TP: 143.05
FM wishes you a successful trading day 💰💰💰
➡️ Ongoing trade tensions and rising geopolitical risks are likely to limit further losses for the Japanese yen, a traditional safe-haven currency. Meanwhile, the Bank of Japan's hawkish outlook stands in sharp contrast to expectations that the Federal Reserve will lower borrowing costs further in 2025, especially after Wednesday's weaker U.S. economic data.
➡️ This divergence could prevent any significant appreciation of the U.S. dollar and continue to support the lower-yielding yen, prompting caution among USD/JPY speculators. Traders may also prefer to stay on the sidelines ahead of potential talks between U.S. President Donald Trump and Chinese President Xi Jinping, as well as the upcoming U.S. Non-Farm Payrolls (NFP) reported on Friday.
Personal opinion:
➡️ USD/JPY will maintain within the downtrend line and wait for the most important news of the week which is the US NF.
➡️ Analysis based on support resistance levels and Pivot points combined with trend lines to come up with suitable strategies
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 1434.10 - 144.20
❌SL: 144.60 | ✅TP: 143.05
FM wishes you a successful trading day 💰💰💰
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
Related publications
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.