USDJPY 11th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 147.227

Price Context: USDJPY trades above immediate support at 147.094 and below resistance at 148.761.

📊 Key Levels & Technical Snapshot

Resistance Levels (Above DCMP):

R3: 153.125 🔴

R2: 151.458

R1: 150.428 🎯

Support Levels (Below DCMP):

S1: 147.094 🎯

S2: 146.064

S3: 144.397

Swing High/Low:

Recent Swing High: 151.306

Recent Swing Low: 148.562

📈 Technical Analysis

1. Fibonacci Confluence:

Critical Fib retracement zones align with S1 (147.094) and R1 (148.761), marking reversal probability areas.

2. Momentum Indicators:

RSI: Neutral (52.8) but shows bearish divergence near overbought territory.

MACD: Bearish crossover below the signal line, signaling short-term downward momentum.

🚀 Intraday Trade Setups

Trade Idea 1: Intraday Buy

Entry: 147.094 🎯

Stop Loss: 146.064 🛑

Take Profit 1: 146.780 ✅

Take Profit 2: 147.291 ✅

Rationale: Strong support confluence at S1 (147.094) with bullish reversal signals on lower timeframes.

Trade Idea 2: Intraday Sell

Entry: 148.761 🎯

Stop Loss: 148.629 🛑

Take Profit 1: 148.118 ✅

Take Profit 2: 147.802 ✅

Rationale: R1 (148.761) aligns with descending trendline resistance and overbought RSI conditions.

⚠️ Risk Management Tips

Monitor price action near swing high (151.306) for bullish breakout potential.

Tighten stop losses if volatility spikes during Tokyo/London session overlaps.

Conclusion

USDJPY remains range-bound between 147.094–148.761. Prioritize trades at tested levels with strict risk controls. A decisive break above 150.428 or below 146.064 could signal trend acceleration.