USDJPY Technical Analysis - 05.03.2025 - IST 7.15 PM
USDJPY Technical Analysis - 05.03.2025 - IST 7.15 PM
USDJPY Technical Analysis - 05.03.2025 - IST 7.15 PM
USDJPY Technical Analysis - 05.03.2025 - IST 7.15 PM
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Chart Pattern
- The price is in a downtrend with lower highs and lower lows.
- Recent attempt to recover met resistance at moving averages.
- Price failing to break above key resistance indicates bearish sentiment.
Trend Analysis
- The trend is bearish, with price below major moving averages.
- Lower highs and lower lows suggest a continuation of the downtrend.
- Current support level at 149.00; break below this may accelerate selling.
Upcoming Events
- Watch for US economic data (NFP, CPI, Fed meeting) that may impact USD.
- Bank of Japan policy decisions may also affect JPY volatility.
-
Final Takeaway
- Bearish trend is intact unless price breaks above 150.00.
- Support at 149.00 is key—break below this may trigger further selling.
- Best approach: Sell on rallies unless trend reversal is confirmed.
Breakout Strategy (Bullish)
- Entry: If price breaks above 150.50 with strong volume.
- Stop-loss: Below 149.50.
- Target 1: 151.00 (+50 pips) | Target 2: 152.00 (+100 pips).
Breakdown Strategy (Bearish)
- Entry: If price closes below 149.00 with confirmation.
- Stop-loss: Above 149.80.
- Target 1: 148.50 (-50 pips) | Target 2: 147.80 (-120 pips).
Disclaimer: This report is for informational purposes only and should not be considered as financial advice. Please consult with a professional before making investment decisions.
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