🔔🔔🔔USD/JPY news:
➡️ USD/JPY is struggling around the 144.00 level, holding its recent pullback from a two-week high as expectations for an upcoming Fed rate cut rise, driven by softer U.S. CPI data that pushed the U.S. dollar closer to its monthly low. Heightened geopolitical tensions in the Middle East and a slight pullback in risk appetite
➡️ In addition, expectations that the Bank of Japan (BoJ) may push for tighter monetary conditions amid expanding inflation in Japan provide further support for the JPY
Personal opinion:
➡️ The downward trend remains in place today as the U.S. dollar continues to face multiple headwinds. However, USD/JPY is currently in oversold territory, suggesting a potential short-term rebound may occur before the pair resumes its broader downtrend.
➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 144.40 - 144.55
❌SL: 144.85 | ✅TP: 143.90 – 143.50
FM wishes you a successful trading day 💰💰💰
➡️ USD/JPY is struggling around the 144.00 level, holding its recent pullback from a two-week high as expectations for an upcoming Fed rate cut rise, driven by softer U.S. CPI data that pushed the U.S. dollar closer to its monthly low. Heightened geopolitical tensions in the Middle East and a slight pullback in risk appetite
➡️ In addition, expectations that the Bank of Japan (BoJ) may push for tighter monetary conditions amid expanding inflation in Japan provide further support for the JPY
Personal opinion:
➡️ The downward trend remains in place today as the U.S. dollar continues to face multiple headwinds. However, USD/JPY is currently in oversold territory, suggesting a potential short-term rebound may occur before the pair resumes its broader downtrend.
➡️ Analysis based on important support resistance and Fibonacci levels combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 144.40 - 144.55
❌SL: 144.85 | ✅TP: 143.90 – 143.50
FM wishes you a successful trading day 💰💰💰
Trade active
Personal plan:Hit more + 60 pips from sell 144.48
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.