USDJPY - 3 March, early week recovery

154
USDJPY trend forecast March 3, 2025

💬USD/JPY Extends Gains for Third Consecutive Day, Reclaims 150.00 Level

The USD/JPY pair continued its upward momentum for the third straight session after finding support near 148.60 on Tuesday. It advanced by more than 0.54%, climbing back above the key 150.00 threshold. As of the latest update, the pair is trading at 150.59.

USD/JPY Price Outlook: Technical Perspective

The broader downtrend for USD/JPY remains intact unless buyers manage to reclaim 150.93, which previously acted as support on February 7 and has now turned into a resistance level. While the pair has already surpassed the Tenkan-sen at 150.44, key resistance levels continue to reinforce the bearish outlook.

To gain further bullish traction, the pair must break above 151.00 before targeting the Senkou Span A at 151.50. If upward momentum persists, the next major resistance is seen at the 200-day Simple Moving Average (SMA), located at 152.43.

💬 Amid the dollar's continued strength, the USDJPY pair continued to recover at the beginning of the week.

🥇/// BUY USDJPY: zone 150.200 - 150.000

SL: 149.700

TP: 40 - 60 - 120pips ( 151.200 )


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