USD/JPY – Daily Chart Analysis (March 12, 2025)
Market Structure & Key Levels:
Current Price: 148.358
The pair is in a downtrend, forming lower highs and lower lows after breaking a key ascending trendline.
Key Resistance: 149.252 (previous support, now acting as resistance).
Key Support: 140.000 – 142.000 zone (highlighted in purple, strong demand area).
Possible Scenarios:
Bullish Scenario:
A break back above 149.252 could signal trend reversal, potentially pushing USD/JPY toward 152-155 levels.
Confirmation would come from higher volume and RSI breaking above 50.
Bearish Scenario:
If the price fails to break 149.252, further downside is likely.
A break below 148.000 could accelerate the decline toward 140.000 support zone.
RSI & Momentum Analysis:
RSI (14) is at 35.77, indicating bearish momentum but nearing oversold conditions.
RSI divergence is not visible yet, meaning the downtrend still has momentum unless buyers step in.
Key Takeaway:
Bearish Bias unless 149.252 is reclaimed.
Key support to watch: 140.000 – 142.000 zone.
Trade Idea:
Sell below 148.000 → Target 142.000.
Buy above 149.252 → Target 152.000+.
Market Structure & Key Levels:
Current Price: 148.358
The pair is in a downtrend, forming lower highs and lower lows after breaking a key ascending trendline.
Key Resistance: 149.252 (previous support, now acting as resistance).
Key Support: 140.000 – 142.000 zone (highlighted in purple, strong demand area).
Possible Scenarios:
Bullish Scenario:
A break back above 149.252 could signal trend reversal, potentially pushing USD/JPY toward 152-155 levels.
Confirmation would come from higher volume and RSI breaking above 50.
Bearish Scenario:
If the price fails to break 149.252, further downside is likely.
A break below 148.000 could accelerate the decline toward 140.000 support zone.
RSI & Momentum Analysis:
RSI (14) is at 35.77, indicating bearish momentum but nearing oversold conditions.
RSI divergence is not visible yet, meaning the downtrend still has momentum unless buyers step in.
Key Takeaway:
Bearish Bias unless 149.252 is reclaimed.
Key support to watch: 140.000 – 142.000 zone.
Trade Idea:
Sell below 148.000 → Target 142.000.
Buy above 149.252 → Target 152.000+.
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.