USDJPY 17th March 2025 Daily Analysis: Key Levels & Trade Opportunities

Daily Current Market Price (DCMP): 148.780

📊 Critical Price Zones

Above DCMP (Resistance):

🔴 Resistance 3: 153.125

🎯 Resistance 2: 151.458

🚨 Resistance 1: 150.428

Below DCMP (Support):

🟢 Support 1: 148.250

🎯 Support 2: 147.094

🚨 Support 3: 146.064

Swing Levels (Daily/4H):

🚩 Swing High: 151.306

🚩 Swing Low: 148.562

📉 Technical Landscape

Price Action Context:

Current price 148.780 hovers near the weekly pivot (148.761), with immediate resistance at 149.910 and support at 148.250.

Fib Retracement: Key Fib zones between Swing Low (148.562) and Swing High (151.306) highlight 148.25 (61.8%) as a buy trigger and 150.43 (38.2%) as sell territory.

Momentum Signals:

RSI: Neutral at 52, but bearish divergence observed on recent pullbacks.

MACD: Flattening near the zero line, suggesting consolidation.

💡 Intraday Trade Setups

Trade Idea 1: Intraday Buy

📍 Entry: 148.250 (Confluence of Support 1 & Fib 61.8%)

🛑 Stop Loss: 147.094 (Below Support 2)

🎯 Take Profit 1: 148.761 (Weekly Pivot)

🚀 Take Profit 2: 149.910 (Sell Zone)

Rationale: Strong demand expected at 148.25 with bullish reversal patterns on 4H charts.

Trade Idea 2: Intraday Sell

📍 Entry: 149.910 (Weekly Resistance & Fib 38.2%)

🛑 Stop Loss: 151.458 (Above Resistance 2)

🎯 Take Profit 1: 148.780 (DCMP)

🚀 Take Profit 2: 147.094 (Support 2)

Rationale: Overbought conditions likely near 149.91, aligning with bearish RSI divergence.

🔑 Strategic Outlook

USDJPY faces a tug-of-war between 148.25–149.91. A break above 149.91 could target 150.43, while failure to hold 148.25 opens downside toward 147.09. Monitor 4H closes for directional bias.

Risk Note: Tighten stops amid BOJ intervention risks.