💹 USDJPY 6th March 2025 Daily Analysis Based on Key Technical Levels

Current Market Price (DCMP):

148.848

Recent Swing High: 154.804 | Recent Swing Low: 148.094

🔥 Price Structure Breakdown

🔻 Below DCMP (Support Territory)

Immediate Floor: 148.556 (Fibonacci 61.8% Cluster)

Critical Defense: 148.049 | 147.364

Breakdown Target: 146.800 (2025 Low Confluence)

🔺 Above DCMP (Resistance Frontier)

First Barrier: 149.130 (Bullish Breakout Catalyst)

Upper Limit: 150.952 (2025 Yearly High)

🚨 Trade Setup

🟢 Intraday Buy Opportunity

Entry: 🎯 148.556 (Fib 61.8% + Weekly Pivot Synergy)

Stop Loss: 🔴 147.628 (Below Swing Low Structure)

Take Profit 1: 🚀 148.848 (+0.292 Pips)

Take Profit 2: 💥 149.843 (+1.287 Pips)

Rationale:

Price tests critical Fibonacci retracement level from swing low 148.094 to high 154.804

Bullish MACD histogram reversal observed on 4H chart

🔴 Intraday Sell Opportunity

Entry: 🎯 149.130 (Confluence of Weekly Resistance & Fib 38.2%)

Stop Loss: 🛑 150.058 (Above Key Swing Level)

Take Profit 1: 🚀 148.848 (-0.282 Pips)

Take Profit 2: 💥 148.049 (-1.081 Pips)

Rationale:

Price rejection aligns with 1.272 Fibonacci extension level

RSI divergence signals weakening bullish momentum

📉 Technical Landscape

Fibonacci Framework

Critical Support: 148.556 (61.8% Retracement)

Key Resistance: 149.130 (38.2% Extension)

Breakout Threshold: 150.952 (2025 High)

Momentum Indicators

RSI: Neutral at 52.8 but shows bearish divergence on daily chart

MACD: Fast line crosses below signal line at 149.00 resistance

🎯 Strategic Outlook

USDJPY battles key polarity at 148.848. Sustained closes above 149.130 may trigger rally toward 150.952, while failure at 148.556 risks collapse to 147.628. Implement tight stop-loss management given BoJ intervention risks.

⚡ Catalyst Alert: Monitor Tokyo CPI data (March 7) - hotter-than-expected prints could fuel yen weakness!