🔔🔔🔔 USD/JPY news:
➡️ The Japanese yen (JPY) started the week on a positive note as U.S. President Donald Trump’s broad-based tariff measures heightened fears of a global economic downturn, boosting demand for traditional safe-haven assets. At the same time, concerns that harsher reciprocal tariffs from the U.S. could negatively affect Japan's economy led investors to scale back expectations for a faster pace of interest rate hikes by the Bank of Japan (BoJ). This, in turn, acted as a drag on the yen and helped the USD/JPY pair recover its earlier losses during the Asian session, climbing back toward its six-month low just below the key psychological level of 145.00, which was briefly touched on Friday.
Personal opinion:
➡️ In the short term, USD/JPY is recovering after being sold off late last week
➡️ RSI reversed to the upside after entering overbought territory and creating divergence.
➡️ Analysis based on Volume profile and important resistance - support levels combined with EMA to come up with appropriate strategies.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 146.10 – 146.20
❌SL: 145.75 | ✅TP: 146.60 – 147.30 – 148.00
FM wishes you a successful trading day 💰💰💰
➡️ The Japanese yen (JPY) started the week on a positive note as U.S. President Donald Trump’s broad-based tariff measures heightened fears of a global economic downturn, boosting demand for traditional safe-haven assets. At the same time, concerns that harsher reciprocal tariffs from the U.S. could negatively affect Japan's economy led investors to scale back expectations for a faster pace of interest rate hikes by the Bank of Japan (BoJ). This, in turn, acted as a drag on the yen and helped the USD/JPY pair recover its earlier losses during the Asian session, climbing back toward its six-month low just below the key psychological level of 145.00, which was briefly touched on Friday.
Personal opinion:
➡️ In the short term, USD/JPY is recovering after being sold off late last week
➡️ RSI reversed to the upside after entering overbought territory and creating divergence.
➡️ Analysis based on Volume profile and important resistance - support levels combined with EMA to come up with appropriate strategies.
Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 146.10 – 146.20
❌SL: 145.75 | ✅TP: 146.60 – 147.30 – 148.00
FM wishes you a successful trading day 💰💰💰
Trade active
Market is moving as expected.Update plan:
Buy zone 146.40
SL: 145.90
TP: 146.90 - 147.50 - 148.00
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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.