🔔🔔🔔 USD/JPY news:
➡️ The US dollar started the week under significant downward pressure as markets grew cautious following the latest developments in the US-China trade conflict, with both sides accusing each other of violating the trade deal.
➡️ In addition, President Trump hinted late last week that he could impose tariffs of 25% to 50% on steel and aluminum imports from Europe, adding further pressure to the dollar.
➡️ Meanwhile, investors appear confident that the Bank of Japan can continue to raise interest rates as inflation
Personal opinion:
➡️ USD/JPY will continue to be weighed down by the previous news impact .
➡️ However, the pair is oversold so there will be a recovery after continuing the downtrend
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.40- 143.50
❌SL: 143.95| ✅TP: 142.80 – 142.30
👉Buy USD/JPY 142.05- 142.15
❌SL: 141.60 | ✅TP: 142.60 -143.00
FM wishes you a successful trading day 💰💰💰
➡️ The US dollar started the week under significant downward pressure as markets grew cautious following the latest developments in the US-China trade conflict, with both sides accusing each other of violating the trade deal.
➡️ In addition, President Trump hinted late last week that he could impose tariffs of 25% to 50% on steel and aluminum imports from Europe, adding further pressure to the dollar.
➡️ Meanwhile, investors appear confident that the Bank of Japan can continue to raise interest rates as inflation
Personal opinion:
➡️ USD/JPY will continue to be weighed down by the previous news impact .
➡️ However, the pair is oversold so there will be a recovery after continuing the downtrend
➡️ Analysis based on support resistance levels and trend lines combined with EMA to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.40- 143.50
❌SL: 143.95| ✅TP: 142.80 – 142.30
👉Buy USD/JPY 142.05- 142.15
❌SL: 141.60 | ✅TP: 142.60 -143.00
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.