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USDJPY 24.2.2025
General Trend:
The price is moving in a downward trend in the short term, trading near a key support level at 148.86. The presence of lower highs reinforces the bearish trend, and the price is currently trading below several strong resistance levels.
Expected Scenario:
Bullish Scenario:
If the price rebounds from the 148.86 support and moves upward, it may face resistance at 149.78.
A breakout above 150.23 could lead to further upward movement toward 150.98.
Bearish Scenario:
If the price breaks below 148.86 and remains below this level, the decline may continue toward lower levels, such as 147.50.
Continued bearish momentum could push the price toward stronger support zones.
Key Levels:
Resistances: 149.78 - 150.23 - 150.98
Supports: 148.86 - 147.50
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
