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The USDJPY price attempts to recover – Forecast today

By Published On: February 25, 20250.4 min readViews: 590 Comments on The USDJPY price attempts to recover – Forecast today

KILT/USD kept falling in the intraday levels, amid the dominance of the main downward trend in the medium term, while trading alongside the secondary short-term trend line, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels. 

 

Therefore we expect more losses for the price, targeting the support of $0.034, provided the resistance of $0.121 holds on.

 

Trend forecast for today: Bearish 



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