empty
 
 
03.03.2025 08:07 AM
Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday March 03, 2025.

This image is no longer relevant

If we pay close attention to the 4-hour chart of the main currency pair USD/JPY, it appears that there is a deviation between the price movement of USD/JPY and the Stochastic Oscillator indicator, which indicates that in the near future USD/JPY has the potential to strengthen, especially with the addition of the price movement of this currency pair moving harmoniously in the Bullish Pitchfork channel and above the EMA (21) which has a slope that dives upwards, so based on these facts and as long as there is no significant weakening correction, such as a decline to break through and close below the level of 148.75, then USD/JPY will strengthen up to the middle line of the Bullish Pitchfork channel and if the volatility and momentum of the strengthening support it, the level of 151.64 will be the next target to be aimed for.

(Disclaimer)

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback