USDJPY below 155 triggers Downside to 150
Attached: Daily Chart Live 20th Jan 2025
BOJ is poised to raise rates to highest in 17 years this coming Friday
Price already has a Bearish RSI Divergence and below 155 (50 Day EMA, red ma) will Trigger a BREAKDOWN
Which then opens Downside Targets to 153/ 152/ 150🎯& even lower levels📉
This could be a Trend Change on the Weekly Timeframe as well given it would be driven by Central Bank Rate Decision
Please Note:
BOJ meets Jan 23-24, decision expected 0330-0430GMT Friday
Board likely to raise short-term rates to 0.5% from 0.25%
BOJ seen raising price forecast, flag brightening wage outlook
Markets focusing on hints on pace, timing of subsequent hikes
Governor Ueda to brief media 0630GMT Friday
BOJ is poised to raise rates to highest in 17 years this coming Friday
Price already has a Bearish RSI Divergence and below 155 (50 Day EMA, red ma) will Trigger a BREAKDOWN
Which then opens Downside Targets to 153/ 152/ 150🎯& even lower levels📉
This could be a Trend Change on the Weekly Timeframe as well given it would be driven by Central Bank Rate Decision
Please Note:
BOJ meets Jan 23-24, decision expected 0330-0430GMT Friday
Board likely to raise short-term rates to 0.5% from 0.25%
BOJ seen raising price forecast, flag brightening wage outlook
Markets focusing on hints on pace, timing of subsequent hikes
Governor Ueda to brief media 0630GMT Friday
Siddharth Bhansali
✔️Twitter Handle @T_Harth
✔️Twitter Handle @T_Harth
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.