USDJPY - 21 Jan - strong selling force
USDJPY trend forecast January 21, 2025
The Japanese Yen (JPY) experiences a significant pullback after reaching a five-week high against the US Dollar (USD) during Tuesday's Asian session, with the USD/JPY pair climbing over 100 pips from below the key 155.00 level within the past hour. Comments from US President Donald Trump regarding tariffs spurred a notable recovery in the USD, rebounding from its two-week low on Monday and driving the intraday decline in the JPY. However, a shift in global risk sentiment lends some support to the safe-haven JPY, limiting further losses.
USDJPY technically continues to have a strong downtrend. Waiting for the liquidity zone to break out support to have the force to increase again.
/// BUY USDJPY : zone 154.400 - 154.200
SL: 153.800
TP: 40 - 70 - 150pips ( 155.700 )
Safe and profitable trading
The Japanese Yen (JPY) experiences a significant pullback after reaching a five-week high against the US Dollar (USD) during Tuesday's Asian session, with the USD/JPY pair climbing over 100 pips from below the key 155.00 level within the past hour. Comments from US President Donald Trump regarding tariffs spurred a notable recovery in the USD, rebounding from its two-week low on Monday and driving the intraday decline in the JPY. However, a shift in global risk sentiment lends some support to the safe-haven JPY, limiting further losses.
USDJPY technically continues to have a strong downtrend. Waiting for the liquidity zone to break out support to have the force to increase again.
/// BUY USDJPY : zone 154.400 - 154.200
SL: 153.800
TP: 40 - 70 - 150pips ( 155.700 )
Safe and profitable trading
Trade active
USDJPY price increased above 156,000, correcting the uptrend
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
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.