USD | JPY - TEST trend and recovery
Updated
USDJPY trend forecast December 02, 2024
The Japanese Yen (JPY) stays under pressure against the US Dollar (USD) during Monday's Asian session, enabling the USD/JPY pair to maintain intraday gains above the mid-150.00s. Renewed upward momentum in US Treasury bond yields reflects concerns that President-elect Donald Trump's proposed tariffs might drive up consumer prices and prompt the Federal Reserve (Fed) to halt further rate cuts. This bolsters demand for the Greenback and diverts flows away from the lower-yielding Yen, thereby offering strong support to the currency pair.
H1 frame shows uptrend break, retest and wait for BUY signal
/// BUY USD/JPY : zone 150.300 - 150.100
SL: 149.700
TP: 40 - 100 - 300 pips (153.100)
Safe and profitable trading
The Japanese Yen (JPY) stays under pressure against the US Dollar (USD) during Monday's Asian session, enabling the USD/JPY pair to maintain intraday gains above the mid-150.00s. Renewed upward momentum in US Treasury bond yields reflects concerns that President-elect Donald Trump's proposed tariffs might drive up consumer prices and prompt the Federal Reserve (Fed) to halt further rate cuts. This bolsters demand for the Greenback and diverts flows away from the lower-yielding Yen, thereby offering strong support to the currency pair.
H1 frame shows uptrend break, retest and wait for BUY signal
/// BUY USD/JPY : zone 150.300 - 150.100
SL: 149.700
TP: 40 - 100 - 300 pips (153.100)
Safe and profitable trading
Trade active
+ 30 pips , signal buy USDJPY ( 150.300 - 150.100 ) 
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