USD/JPY Technical Analysis & Trade Outlook – March 16, 2025Current Price: 148.618
EMA (30): 148.545 (short-term trend)
EMA (200): 148.286 (long-term trend)
Resistance Zone: 149.233
Support Zone: 148.286
Analysis & Price Action:
The price is trending upwards, forming higher lows, indicating bullish momentum.
The price is above both the 30 EMA and 200 EMA, which suggests an ongoing uptrend.
A support level around 148.286 is holding, reinforcing a bullish bias.
Forecast & Trade Plan:
A potential breakout above the minor resistance could push USD/JPY towards the 149.233 target.
If price retraces, a bounce off 148.286 would present a buy opportunity.
If price breaks below 148.286, the bullish outlook weakens, and further downside may follow.
📌 Bias: Bullish towards 149.233
📌 Confirmation: Watch price action at support and resistance levels
📌 Risk Management: Consider stop-loss below 148.200 to protect downside.
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