Category: Forex News

USD/JPY Forecast. The yen price declines calmly – 14-03-2024

By Published On: March 14, 20240.5 min readViews: 2040 Comments on USD/JPY Forecast. The yen price declines calmly – 14-03-2024




The USDJPY price shows calm negative trades to move away from 148.37 level and reinforce the expectations of continuing the correctional bearish trend on the intraday basis, reminding you that our first target is located at 146.80.

The EMA50 continues to press negatively on the price to support the continuation of the expected bearish trend, which will remain valid unless the price rallied to breach 148.37 and hold with a daily close above it.

The expected trading range for today is between 146.90 support and 148.20 resistance

Trend forecast: Bearish

Origin: Economies





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