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The USDJPY price attempts to recover – Forecast today

By │Published On: March 5, 2025│0.3 min read│Views: 158│0 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. 

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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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