USD/ JPY ! 11/8 ! oversold , support , BUY now

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USDJPY trend forecast November 8, 2024

The Japanese Yen (JPY) struggles to gain traction on Friday, fluctuating with minor gains and losses against the US Dollar (USD) as the European session nears. Support for the JPY comes from recent comments by Japanese authorities, though concerns about the Bank of Japan's (BoJ) capacity for further rate hikes limit its upward momentum.

Meanwhile, optimism around Trump’s growth and inflation policies largely overshadows the Fed’s dovish outlook, boosting US Treasury yields, which in turn weighs on the lower-yielding JPY. Additionally, renewed USD buying helps restrict any significant downside for the USD/JPY pair.

Trump as president with more strict foreign policies, mainly helps the dollar stronger. This will help USD/xxx currency pairs to increase in value.


/// BUY USD/JPY : zone 152.300 - 152.100

SL: 151.700

TP: 40 - 100 - 200 pips (154.100)


Safe and profitable trading

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تم فتح الصفقة

+ 55 pips , profit signal BUY USDJPY

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أغلقت الصفقة: تم الوصول للهدف

+ 80 pips , profit signal BUY USDJPY , amazing