USDJPY - waiting for BUY entry - yearend accumulation price zone
Updated
USDJPY trend forecast December 31, 2024
USD/JPY slipped 0.7% on Monday, falling below 157.00 amid thin holiday trading ahead of the midweek New Year’s closures. Low volumes marked the session, with markets moving cautiously.
The Bank of Japan (BoJ) continues to struggle with the Yen’s two-year decline, having shifted from negative rates to a modest 0.25% hike before pausing further adjustments. While maintaining a data-driven approach, the BoJ remains unclear on what would trigger additional rate increases.
End of year price accumulation, strong support H2 waiting for BUY entry
/// BUY USDJPY : zone 156.050 - 155.850
SL: 155.550
TP: 50 - 70 - 150pips ( 157.350 )
Safe and profitable trading
USD/JPY slipped 0.7% on Monday, falling below 157.00 amid thin holiday trading ahead of the midweek New Year’s closures. Low volumes marked the session, with markets moving cautiously.
The Bank of Japan (BoJ) continues to struggle with the Yen’s two-year decline, having shifted from negative rates to a modest 0.25% hike before pausing further adjustments. While maintaining a data-driven approach, the BoJ remains unclear on what would trigger additional rate increases.
End of year price accumulation, strong support H2 waiting for BUY entry
/// BUY USDJPY : zone 156.050 - 155.850
SL: 155.550
TP: 50 - 70 - 150pips ( 157.350 )
Safe and profitable trading
Trade active
+ 30 pips , amazing BUY usdjpy( 156.050 - 155.850 ) Trade closed: target reached
+ 130 pips , amazing BUY usdjpy( 156.050 - 155.850 )
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