USDJPY: A bigger decline is expected in a broader picture
On the USDJPY chart I have outlined some strong technical elements:
Key target levels are found near 141,200 and 138,000
Downward momentum is expected to increase, driven by macroeconomic factors related to Trump’s tariffs and the BOJ, which is also facing potential problems and may increase its bond-buying program.
Another topic is related to the BOJ’s interest rates. With the increase in CPI data reported last week, the chances of the BOJ raising rates again are increasing.
The price is currently around 142.55, and a break below the first support area found on the left side of the chart could signal further declines.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
On the USDJPY chart I have outlined some strong technical elements:
Key target levels are found near 141,200 and 138,000
Downward momentum is expected to increase, driven by macroeconomic factors related to Trump’s tariffs and the BOJ, which is also facing potential problems and may increase its bond-buying program.
Another topic is related to the BOJ’s interest rates. With the increase in CPI data reported last week, the chances of the BOJ raising rates again are increasing.
The price is currently around 142.55, and a break below the first support area found on the left side of the chart could signal further declines.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.