🔔🔔🔔USD/JPY news:
➡️ The U.S. dollar (USD) remains near its lowest level since April 22, weighed down by growing concerns over the deteriorating state of U.S. finance. finance. This contributed to the USD/JPY pair slipping towards the 142.0
➡️ Additionally, comments from Bank of Japan (BoJ) Governor Kazuo Ueda left the door open for further monetary tightening by the central bank. This stands in sharp contrast to growing expectations that the Federal Reserve will cut interest rates further this year, a key factor driving strength in the Japanese yen (JPY).
Personal opinion:
➡️ USD/JPY recovered slightly after being at the oversold level, but the downtrend then continued.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.00 - 143.10
❌SL: 143.50 | ✅TP: 142.50 – 142.05
👉Buy USD/JPY 141.55 - 141.65
❌SL: 141.20 | ✅TP: 142.00 – 142.50
FM wishes you a successful trading day 💰💰💰
➡️ The U.S. dollar (USD) remains near its lowest level since April 22, weighed down by growing concerns over the deteriorating state of U.S. finance. finance. This contributed to the USD/JPY pair slipping towards the 142.0
➡️ Additionally, comments from Bank of Japan (BoJ) Governor Kazuo Ueda left the door open for further monetary tightening by the central bank. This stands in sharp contrast to growing expectations that the Federal Reserve will cut interest rates further this year, a key factor driving strength in the Japanese yen (JPY).
Personal opinion:
➡️ USD/JPY recovered slightly after being at the oversold level, but the downtrend then continued.
➡️ Analysis based on support resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Sell USD/JPY 143.00 - 143.10
❌SL: 143.50 | ✅TP: 142.50 – 142.05
👉Buy USD/JPY 141.55 - 141.65
❌SL: 141.20 | ✅TP: 142.00 – 142.50
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.