The USD/JPY currency pair continue to move within the framework of the development of growth and a bullish channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.75. 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 19, 2025, we should expect an attempt to develop a fall and a test of the support area near the level of 148.75. Then, an upward price rebound and continued growth of the USD/JPY pair to the area above the level of 151.55.
USD/JPY Forecast Japanese Yen for March 19, 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 decline and breakout of the 148.45 level will cancel the growth option of the Dollar/Yen currency pair. This will indicate a breakout of the support area and a continuation of the decline of the Dollar/Yen currency pair. In this case, we should expect a continuation of the decline of the pair to the area below the 146.35 level. We should expect confirmation of the price growth with a breakout of the resistance level and consolidation of the price above the 150.45 level.
Australian Dollar Forecast for March 19, 2025 suggests an attempt to reduce the price of the currency pair and a test of the support area near the 148.75 level. Then, the continuation of the development of the bullish impulse of quotes to the area above the 151.55 level. The test of the support line on the relative strength indicator will be in favor of the growth of the pair. The growth option will be cancelled by a fall and a breakout of the 148.45 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 146.35 level.
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