USD/JPY We have reached a strong oversold area

27 gen

Hi guys we are going to take a look into the USD/JPY

Currently we can see that the price had a very sharp decline, which one of the main causes was the BoJ (Bank of Japan) implementing a 0.25% interest rate increase , making the interest rates from 0.25% to 0.50%.

Currently Japan is indicating to continue increasing the interest rates so they can bring stability to their economy, and more specifically the Japanese Yen. Now on the other side of the spectrum we saw that we would have a limited amount of interest rate hikes in the U.S. for the yaer of 2025 , but a bold statement coming from President Donald Trump, indicates that we can see more interest rates than analysts predicting. This trade we are looking in is more short-mid term.

Entry: 153.900
Target 1: 154.650
Target 2: 155.200
Target 3: 155.900

SL: 153.050

As always my friends happy trading!

P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!

28 gen

Trade chiuso: obiettivo raggiunto

All 3 targets have been reached in less than 24 hours, congratulations to everyone who participated , we caught a whoping 200 pips here! 🤯🤯🤯🤯