The USD/JPY currency pair continue to move within the development of growth and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 148.68. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices are again testing the area between the signal lines, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for March 13, 2025, we should expect an attempt to develop a fall and a test of the support area near the level of 147.95. Next, a rebound in price upward and continued growth of the USD/JPY pair to the area above the level of 151.25.
USD/JPY Forecast Japanese Yen for March 13, 2025
An additional signal in favor of the growth of the USD/JPY currency pair will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The USD/JPY currency pair growth option will be cancelled if it falls and breaks through the 147.45 level. This will indicate a breakout of the support area and a continuation of the USD/JPY currency pair decline. In this case, we should expect the pair to continue to decline to the area below the 145.85 level. We should expect confirmation of the price growth with a breakout of the resistance level and price consolidation above the 149.75 level, which will indicate a breakout of the upper border of the descending channel.
USD/JPY Forecast Japanese Yen for March 13, 2025 suggests an attempt to reduce the price of the currency pair and test the support area near the 147.95 level. Then, the continuation of the development of the bullish impulse of quotes to the area above the 151.25 level. A test of the support line on the relative strength indicator will be in favor of the pair’s rise. The growth option will be cancelled if it falls and breaks through the 147.45 area. This will indicate a breakout of the support level and a continuation of the fall in the pair with a potential target below the level of 145.85.
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