U.S. Dollar / Japanese Yen
Long
Updated

USDJPY - 21 April, DXY continues to weaken, short recovery

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USDJPY trend forecast April 21 , 2025


💬USD/JPY slips slightly following gains in the previous session, trading near the 142.40 level during Friday’s Asian session. A look at the daily chart reveals the pair is moving lower within a descending channel, reinforcing a clear bearish trend.

The pair remains below the nine-day Exponential Moving Average (EMA), indicating weak short-term momentum. Additionally, the 14-day Relative Strength Index (RSI) holds just above the 30 threshold, further highlighting the prevailing bearish sentiment. A move below this level could signal that the pair is oversold, potentially leading to a short-term corrective bounce.

💬DXY continues to weaken at the beginning of the week, USDJPY continues to be under selling pressure down to the 141,000 zone. Pay attention to the strong support zone H4 140,600 for short-term recovery.

🥇/// BUY USDJPY : zone 140.600 - 140.400

SL: 140.100

TP: 40 - 60 - 150pips ( 141.900 )



Safe and profitable trading
Trade active
+ 30 pips , signal BUY USDJPY zone 140.600 - 140.400 , nice
Note
+ 40 pips , amazing signal BUY USDJPY 140.600 - 140.400
Trade closed: target reached
+ 60 pips , great signal BUY USDJPY ( 140.600 - 140.400 )

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