🔔🔔🔔USD/JPY news:
➡️The Japanese yen weakened for a second straight day against the stronger U.S. dollar, pushing the USD/JPY pair closer to the 145.70 level during Thursday’s U.S. trading session. Investor confidence was boosted by comments from U.S. President Donald Trump, who hinted at the announcement of a major trade deal later in the day.
Personal opinion:
➡️ In the short term, USD/JPY will still be bought due to positive news for the USD
➡️ However, USD/JPY is overbought and will have a period of recovery before USD/JPY continues its upward momentum
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.85 - 1.46.00
❌SL: 146.35 | ✅TP: 145.40
👉Buy USD/JPY 145.20 - 1.45.00
❌SL: 144.70| ✅TP: 145.90
FM wishes you a successful trading day 💰💰💰
➡️The Japanese yen weakened for a second straight day against the stronger U.S. dollar, pushing the USD/JPY pair closer to the 145.70 level during Thursday’s U.S. trading session. Investor confidence was boosted by comments from U.S. President Donald Trump, who hinted at the announcement of a major trade deal later in the day.
Personal opinion:
➡️ In the short term, USD/JPY will still be bought due to positive news for the USD
➡️ However, USD/JPY is overbought and will have a period of recovery before USD/JPY continues its upward momentum
➡️ Analysis based on important resistance - support and Fibonacci levels combined with trend lines to come up with a suitable strategy
Personal plan:
🔆Price Zone Setup:
👉Sell USD/JPY 145.85 - 1.46.00
❌SL: 146.35 | ✅TP: 145.40
👉Buy USD/JPY 145.20 - 1.45.00
❌SL: 144.70| ✅TP: 145.90
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.