145.50 support zone is strong - within the trend line

🔔🔔🔔USD/JPY news:

➡️USD/JPY extended its losing streak for the third trading day on Thursday. The pair faced selling pressure as the JPY continued to outperform across the board amid hopes that the Bank of Japan (BoJ) will hike interest rates further despite rising global economic uncertainty due to the impact of US President Donald Trump’s tariffs.

➡️ However, Fed Chairman Powell confirmed that despite some easing, the Fed remains dovish and is not ready to move into a sharp rate-cutting cycle. This helped to dampen the bearish momentum in USD/JPY

Personal opinion:
➡️ Despite the decline, USD/JPY remains firmly above the 145.5 mark. The sellers are weakening as they pushed the pair into the oversold zone earlier, this is the time for USD/JPY to recover

➡️ Analyze based on support resistance levels and Trend Lines combined with RSI to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy USD/JPY 145.60 - 145.50
❌SL: 145.15 | ✅TP: 146.00 – 146.50

FM wishes you a successful trading day 💰💰💰