🔔🔔🔔 USD/JPY news:
➡️ USD/JPY is trading near a new monthly low around 142.23 early Monday as the U.S. dollar continues to weaken. The greenback remains under pressure due to concerns over U.S. fiscal health and the unpredictable trade policies under Trump. Meanwhile, the Japanese yen is gaining support from heightened geopolitical risks, ongoing trade tensions, and speculation about potential interest rate hikes by the Bank of Japan (BoJ).
Personal opinion:
➡️ Currently, there is no strong enough momentum to pull the USD back up, so USD/JPY will maintain its short-term decline and wait for signals from the U.S.-Japan trade negotiations. However, this currency pair is in oversold territory and may have a rebound before continuing the downtrend.
➡️ Analysis based on support resistance levels and EMA combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 141.40 - 141.50
❌SL: 141.00 | ✅TP: 142.00
👉Sell USD/JPY 142.90 - 143.00
❌SL: 143.40 | ✅TP: 142.40
FM wishes you a successful trading day 💰💰💰
➡️ USD/JPY is trading near a new monthly low around 142.23 early Monday as the U.S. dollar continues to weaken. The greenback remains under pressure due to concerns over U.S. fiscal health and the unpredictable trade policies under Trump. Meanwhile, the Japanese yen is gaining support from heightened geopolitical risks, ongoing trade tensions, and speculation about potential interest rate hikes by the Bank of Japan (BoJ).
Personal opinion:
➡️ Currently, there is no strong enough momentum to pull the USD back up, so USD/JPY will maintain its short-term decline and wait for signals from the U.S.-Japan trade negotiations. However, this currency pair is in oversold territory and may have a rebound before continuing the downtrend.
➡️ Analysis based on support resistance levels and EMA combined with trend lines to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 141.40 - 141.50
❌SL: 141.00 | ✅TP: 142.00
👉Sell USD/JPY 142.90 - 143.00
❌SL: 143.40 | ✅TP: 142.40
FM wishes you a successful trading day 💰💰💰
Trade active
The market is currently sideways and unlikely to move much due to the US holiday.The trend went as planned and made a profit of 20 pips
Trade closed: target reached
Peronal plan
Hit +80 pips from Sell 143.00
successful plan
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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.