USDJPY - 10 Feb - SIDEWAY and entry SELL resistance

Feb 10

USDJPY trend forecast February 10, 2025

The USD/JPY pair advanced by 0.48% to 152.10 on Friday, bolstered by the US Dollar’s strength amid cautious remarks from Federal Reserve officials. With the US labor market holding firm, traders are closely watching the upcoming Nonfarm Payrolls (NFP) report, which is projected to show a 175K increase in jobs for January. However, an alternative estimate suggests a slightly higher 199K figure, indicating sustained labor market resilience.

Market participants anticipate the unemployment rate to remain steady at 4.1%, with wage growth stabilizing at 3.8% year-over-year. Any unexpected deviations in the data could influence market sentiment, particularly if stronger employment figures reinforce the Fed’s cautious approach to potential rate cuts.

beginning of the week, no economic news USD and JPY, price mainly sideways between nearest resistance and support

/// SELL USDJPY: zone 152.200-152.400

SL: 152.700

TP: 40 - 70 - 100pips ( 151.400 )

Safe and profitable trading

Feb 10

Trade active

Great signal : + 40 pips signal SELL USDJPY ( 152.200 - 152.400 ) . Nice

Feb 10

Trade closed: target reached

Great signal : + 85 pips signal SELL USDJPY ( 152.200 - 152.400 ) . Amazing