💹 USDJPY 21st March 2025 Daily Analysis: Strategic Trade Setups

📌 Current Market Price (CMP): 149.352

USDJPY trades above immediate support at 148.340 and below resistance at 148.944.

🔍 Key Market Structure

▶ Resistance Zones

Near-Term Barrier: 148.944

Strong Resistance: 149.432

▶ Support Zones

Immediate Floor: 148.340

Critical Base: 147.852

▶ Swing Levels (Daily/4H)

Swing High: 151.306

Swing Low: 148.562

📊 Technical Drivers

RSI: Neutral at 52, no divergence observed.

MACD: Bullish crossover fading near the signal line.

Fib Levels: 61.8% retracement at 148.761; 127% extension at 150.428.

🎯 Intraday Trade Opportunities

1️⃣ Intraday Buy Setup

Entry: 148.761 🟢

Stop Loss: 147.094 🔴

Take Profit 1: 149.130 🟡

Take Profit 2: 149.432 🟢

Rationale: Price aligns with Fib 61.8% support (148.761). MACD hints at bullish momentum revival below the signal line.

2️⃣ Intraday Sell Setup

Entry: 150.428 🔴

Stop Loss: 151.458 🟡

Take Profit 1: 148.944 🟢

Take Profit 2: 147.852 🔴

Rationale: Fib 127% extension (150.428) converges with historical resistance. Bearish RSI reversal likely at this zone.

⚠️ Risk Management

Tighten stops if price closes above 149.432 or below 147.852.

Secure 50% profits at TP1 to hedge volatility risks.

🔮 Strategic Insight

USDJPY consolidates between 148.761-150.428. Prioritize:

Buying dips near 148.761 with MACD confirmation

Selling rallies toward 150.428 with volume validation