šFundamental Analysis
Signs of rising inflation in Japan still open the door for the BoJ to tighten interest rates further. Moreover, persistent geopolitical tensions and uncertainty over US President Donald Trumpās trade policies have kept investors on edge. Moreover, bets on more aggressive easing by the Federal Reserve will limit any meaningful gains in the dollar and help limit deeper losses for the lower-yielding yen.
šÆTechnical Analysis
After a breakout and bounce late Friday, USDJPY is looking to continue its strong uptrend. Last weekās high of 145.900 will act as a temporary buffer before the pair heads towards the weekly resistance around 148.000. On the other side, last weekās liquidity sweep converging with the trendline also creates an important buying zone for the week if the pair reverses. The support level that the bears are strong at is also the weekly support level of interest around 142.000.
ššTrading Signals
SELL USDJPY 148.000-148.200 Stoploss 148.500
BUY USDJPY 142.000-141.800 Stoploss 141.500
Signs of rising inflation in Japan still open the door for the BoJ to tighten interest rates further. Moreover, persistent geopolitical tensions and uncertainty over US President Donald Trumpās trade policies have kept investors on edge. Moreover, bets on more aggressive easing by the Federal Reserve will limit any meaningful gains in the dollar and help limit deeper losses for the lower-yielding yen.
šÆTechnical Analysis
After a breakout and bounce late Friday, USDJPY is looking to continue its strong uptrend. Last weekās high of 145.900 will act as a temporary buffer before the pair heads towards the weekly resistance around 148.000. On the other side, last weekās liquidity sweep converging with the trendline also creates an important buying zone for the week if the pair reverses. The support level that the bears are strong at is also the weekly support level of interest around 142.000.
ššTrading Signals
SELL USDJPY 148.000-148.200 Stoploss 148.500
BUY USDJPY 142.000-141.800 Stoploss 141.500
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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.
JOIN OUR FREE TELEGRAM GROUP t.me/+HARBQ2pBFaI5ZjI1
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
MESSAGE US FOR VIP SIGNALSš t.me/Leilani8597
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.