PLAN : 18 Feb, 2025
USDJPY News:
🔆The Japanese Yen (JPY) remains under pressure during the early European session on Tuesday, though downside momentum is limited as markets increasingly expect the Bank of Japan (BoJ) to continue raising interest rates. Additionally, the recent decline in the US-Japan yield gap, driven by growing speculation of further rate cuts by the Federal Reserve (Fed), helps cushion losses for the lower-yielding JPY.
Personal opinion:
🔆Short-term buying pressure at support zone helps USDJPY price recover
Analysis:
🔆support fibonaccy H1 frame
Plan:
🔆Price Zone Setup:
👉BUY USDJPY 151.600 – 151.400
❌SL: 151.100 | ✅TP: 151.900 – 152.300 – 152.600
FM wishes you a successful trading day 💰💰💰