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USDJPY Technical Analysis – 12th MAR, 2025
USDJPY – Relative Strength Index is Bearish
USDJPY was unable to continue its Bullish momentum and after touching a high of 149.10 the prices started to decline against the United States Dollar today in the US Trading session.
The Relative Strength Index is Bearish in the hourly timeframe.
Both the STOCH and MACD are giving a SELL in the hourly timeframe.
A short-term bullish correction is also expected which will subside in the medium-term range.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The Ultimate Oscillator remains at 34 indicating a SELL at the current market levels of 147.75
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
USDJPY – Relative Strength Index is Bearish
USDJPY was unable to continue its Bullish momentum and after touching a high of 149.10 the prices started to decline against the United States Dollar today in the US Trading session.
The Relative Strength Index is Bearish in the hourly timeframe.
Both the STOCH and MACD are giving a SELL in the hourly timeframe.
A short-term bullish correction is also expected which will subside in the medium-term range.
Some of the technical indicators are also giving a Bullish to Neutral stance indicating the presence of the Consolidation wave in the markets.
The Ultimate Oscillator remains at 34 indicating a SELL at the current market levels of 147.75
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
