🔔🔔🔔 USD/JPY news:
➡️ Buying interest in the Japanese Yen (JPY) remains strong for the second consecutive day on Wednesday, as investors continue to seek safety in the traditional safe-haven currency amid growing concerns over a global recession driven by tariffs. Additionally, reports that U.S. President Donald Trump had agreed to meet with Japanese officials following a phone call with Prime Minister Shigeru Ishiba boosted optimism for a potential trade deal between the U.S. and Japan. This, along with expectations that the Bank of Japan (BoJ) may continue to raise interest rates due to rising domestic inflation, also lent support to the JPY.
Personal opinion:
➡️The JPY is performing better against the USD. DXY is having its second consecutive decline and shows no signs of stopping.
➡️Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 146.40- 146.60
❌SL: 147.10 | ✅TP: 145.80 – 145.10 – 144.50
👉Buy USD/JPY 144.45- 144.55
❌SL: 144.00 | ✅TP: 145.00 – 145.50 – 146.00
FM wishes you a successful trading day 💰💰💰
➡️ Buying interest in the Japanese Yen (JPY) remains strong for the second consecutive day on Wednesday, as investors continue to seek safety in the traditional safe-haven currency amid growing concerns over a global recession driven by tariffs. Additionally, reports that U.S. President Donald Trump had agreed to meet with Japanese officials following a phone call with Prime Minister Shigeru Ishiba boosted optimism for a potential trade deal between the U.S. and Japan. This, along with expectations that the Bank of Japan (BoJ) may continue to raise interest rates due to rising domestic inflation, also lent support to the JPY.
Personal opinion:
➡️The JPY is performing better against the USD. DXY is having its second consecutive decline and shows no signs of stopping.
➡️Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 146.40- 146.60
❌SL: 147.10 | ✅TP: 145.80 – 145.10 – 144.50
👉Buy USD/JPY 144.45- 144.55
❌SL: 144.00 | ✅TP: 145.00 – 145.50 – 146.00
FM wishes you a successful trading day 💰💰💰
Trade active
miss 2 pips to enter buy order 144.55miss 65 pips profit
what a pity
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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.