🔔🔔🔔USD/JPY news:
➡️ The Japanese Yen (JPY) extended its gains against the U.S. Dollar (USD) on Tuesday, building on Monday’s upward momentum as the Greenback remained on the defensive. Easing geopolitical tensions following the ceasefire between Iran and Israel reduced demand for the USD as a safe haven, allowing the Yen to appreciate further.
➡️ Meanwhile, Federal Reserve Chair Jerome Powell reaffirmed the U.S. economy's "solid" footing as he began his two-day semiannual testimony before Congress, which could help limit further downside pressure on the Dollar.
Personal opinion:
➡️ Fed Chair Powell’s remarks were supportive of the U.S. Dollar, suggesting a potential rebound in the USD/JPY pair.
➡️From a technical standpoint, the RSI is in oversold territory and showing signs of convergence, which may indicate a short-term upward move in USD/JPY.
➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy USD/JPY 144.55 - 144.45
❌SL: 144.00| ✅TP: 145.20
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese Yen (JPY) extended its gains against the U.S. Dollar (USD) on Tuesday, building on Monday’s upward momentum as the Greenback remained on the defensive. Easing geopolitical tensions following the ceasefire between Iran and Israel reduced demand for the USD as a safe haven, allowing the Yen to appreciate further.
➡️ Meanwhile, Federal Reserve Chair Jerome Powell reaffirmed the U.S. economy's "solid" footing as he began his two-day semiannual testimony before Congress, which could help limit further downside pressure on the Dollar.
Personal opinion:
➡️ Fed Chair Powell’s remarks were supportive of the U.S. Dollar, suggesting a potential rebound in the USD/JPY pair.
➡️From a technical standpoint, the RSI is in oversold territory and showing signs of convergence, which may indicate a short-term upward move in USD/JPY.
➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Buy USD/JPY 144.55 - 144.45
❌SL: 144.00| ✅TP: 145.20
FM wishes you a successful trading day 💰💰💰
Trade active
personal plan:
Hit + 50 pips from Buy 144.55
setup successful
Trade closed: target reached
Completed initial planHit max proit + 140 pips from Buy 144.55
set up successful
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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.