USDJPY - 13 December, Break and retest increase in price

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USD / JPY trend forecast December 13, 2024

The Japanese Yen (JPY) trims a part of intraday losses against its American counterpart and recovers slightly from over a two-week low touched earlier this Friday. A slight deterioration in the global risk sentiment, along with geopolitical tensions and trade war fears, drives some haven flows and benefits the JPY. The US Dollar (USD), on the other hand, consolidates its weekly gains to the monthly peak and further contributes to capping any further appreciating move for the USD/JPY pair beyond the 153.00 mark.

The long-term framework shows a strong upward trend, the JPY situation is still under pressure from political instability. USD/JPY continues to increase in price.

/// BUY USDJPY : zone 152.700 - 152.400

SL: 152.100

TP: 50 - 120 - 200pips (154.400)


Safe and profitable trading

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تم فتح الصفقة

+ 70 pips , amazing BUY USDJPY : 152.700 - 152.400 , correct assessment