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[QUOTE="Vlad RF, post: 241913, member: 61796"]
[B][SIZE=5]USDJPY forecast: the yen continues to strengthen against the USD[/SIZE][/B]

Amid economic data from Japan and the US, the USDJPY rate may form a correction before declining to 146.80. Discover more in our analysis for 10 March 2025.

[B]USDJPY technical analysis[/B]

Having tested the lower Bollinger band, the USDJPY price has formed a Hammer reversal pattern on the H4 chart. At this stage, it continues a corrective wave following the pattern signal. Since the quotes have rebounded from the support level and are now moving within a descending channel, they will likely pull back to the resistance level.

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Amid the economic data from Japan, the USDJPY forecast appears optimistic for the yen, with the USDJPY technical analysis suggesting a correction towards 148.60 before a further decline.

Read more - [url=https://roboforex.com/beginners/analytics/forex-forecast/currencies/usd-jpy-forecast-2025-03-10/?utm_source=earnforex.com&utm_medium=listing&utm_campaign=rf_en_analytics&utm_content=externalforums+text]USDJPY Forecast[/url]

[B][I]Attention![/I][/B]
[I]Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.[/I]

[B]Sincerely,
The RoboForex Team[/B]
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