The USD/JPY currency pair continues to move within a correction and a downward channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 150.29. Moving averages indicate a short-term bearish trend. Prices have broken below the signal lines, indicating selling pressure on the US Dollar and the potential continuation of its decline. In the forecast for the Japanese Yen on March 4, 2025, a decline attempt and a test of the support area near 149.05 are expected. After that, a price rebound upward and continued growth toward 153.65 may follow.
USD/JPY Forecast Japanese Yen for March 4, 2025
An additional signal in favor of a rise in USD/JPY will be a test of the support line on the RSI indicator. A second confirmation will be a rebound from the lower boundary of the reversal pattern “Head and Shoulders.” The bullish scenario will be canceled if the price falls and breaks through the 147.35 level, indicating further downside movement toward 145.45. Confirmation of an upward move will come with a breakout of the resistance area and price consolidation above 153.45, signaling a breakout of the upper boundary of the descending channel.
USD/JPY Forecast Japanese Yen for March 4, 2025 suggests an attempt to decline and test the support area near 149.05, followed by a continuation of the bullish impulse toward 153.65. A test of the support line on the RSI indicator will support the bullish scenario. The bullish scenario will be canceled if the price breaks below 147.35, indicating further downside movement toward 145.45.
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