Slight decrease and then continue to increase in price

🔔🔔🔔USD/JPY news:

➡️ The USD/JPY pair surged toward 145.45 as the U.S. dollar strengthened amid growing trade-related concerns in the United States. President Trump is set to announce tariffs on countries that have yet to reach trade agreements with Washington.

➡️ On the Bank of Japan’s side, despite prevailing headwinds, the increasing market acceptance that the BoJ may raise interest rates again could discourage aggressive short positions on the Japanese yen.

Personal opinion:
➡️ Trump’s letters to trade partners are the focus today. Therefore, USD/JPY will remain below the 146.00 zone and wait for the upcoming news announcement.

➡️ Analysis based on support resistance levels and Fibonacci combined with RSI to come up with a suitable strategy

Personal plan:
🔆Price Zone Setup:

👉Buy USD/JPY 145.15 - 145.00
❌SL: 144.65 | ✅TP: 145.70 - 146.50

👉Sell USD/JPY 145.80 - 145.90
❌SL: 146.30 | ✅TP: 145.20

FM wishes you a successful trading day 💰💰💰