The USDJPY price crawls downwards – Forecast today - 25-03-2024

Economies.com
2024-03-25 02:43AM UTC

The USDJPY price shows calm negative trades to move near 151.00 barrier, and we still suggest the bearish bias on the intraday basis, depending on the consolidation of the recently recorded high at 151.81 against the positive attempts, waiting to test 150.55 as a first station.

 

Breaking 151.00 will reinforce the expectations to decline, and surpassing the suggested target will extend the bearish wave to reach 149.77 as a next correctional target, while the expected decline will remain valid unless the price rallied to breach 151.81 and hold with a daily close above it.

 

The expected trading range for today is between 150.50 support and 151.80 resistance

 

Trend forecast: Bearish

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