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The USDJPY price attempts to recover – Forecast today

By Published On: March 5, 20250.3 min readViews: 860 Comments on The USDJPY price attempts to recover – Forecast today

dogwifhat’s currency price (WIFUSD) fell in the intraday levels, amid the dominance of the main downward trend in the short term, with negative pressure due to trading below the 50-day SMA, coupled with negative signals from the RSI after reaching overbought levels. 

 

Therefore we expect more losses for the price, targeting the support of $0.06597, provided it settles below the resistance of $1.07640.

 

Trend forecast for today: Bearish



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