Trade news gradually improves - Supporting USD to rise again

78
🔔🔔🔔USD/JPY news:

➡️ The USD/JPY pair extended its gains to approach the 144.00 level early Friday, driven by renewed demand for the U.S. dollar following a Bloomberg report suggesting that China is considering suspending the 125% tariff on certain U.S. imports. The pair largely ignored Tokyo’s hotter-than-expected CPI inflation data.

Personal opinion:
➡️ USD/JPY continues to rise thanks to positive news from the Trump administration’s negotiations with Asian countries. Although good Japanese economic data supports the JPY, the focus is still on the active trade war and it supports the USD

➡️ Analysis based on important resistance - support and Fibonacci levels combined with EMA to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy USD/JPY 143.00 - 144.40
❌SL: 142.50 | ✅TP: 143.80 - 144.40

FM wishes you a successful trading day 💰💰💰

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.