USD/JPY Forecast (March 12, 2025)
Current Price: 148.390
Resistance Area: Around 148.500
Support Area: Around 147.000
Technical Analysis:
The chart suggests a potential price rejection at resistance (148.500), leading to a downside move.
A double-top formation or failure to break resistance could signal bearish momentum.
A possible decline toward 147.000 support level is expected if the price fails to hold above resistance.
Forecast Scenarios:
Bearish Outlook: If price fails to break resistance, expect a drop toward 147.000 support.
Bullish Outlook: If price breaks above 148.500, it could trigger further upside movement.
Current Price: 148.390
Resistance Area: Around 148.500
Support Area: Around 147.000
Technical Analysis:
The chart suggests a potential price rejection at resistance (148.500), leading to a downside move.
A double-top formation or failure to break resistance could signal bearish momentum.
A possible decline toward 147.000 support level is expected if the price fails to hold above resistance.
Forecast Scenarios:
Bearish Outlook: If price fails to break resistance, expect a drop toward 147.000 support.
Bullish Outlook: If price breaks above 148.500, it could trigger further upside movement.
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.
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.