📉 USDJPY 7th March 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 147.504

Key Levels & Technical Snapshot 🔍

Price Structure

Above DCMP (Resistance):

▶️ 148.094 (Immediate Resistance) 🔴

▶️ 149.462 (Mid-Term Barrier)

▶️ 150.235 (Critical Sell Zone)

Below DCMP (Support):

▶️ 146.185 (2024 Low Confluence) 🟢

▶️ 146.959 (Fib 61.8% Retracement)

▶️ 147.437 (2025 Swing Support Anchor)

Swing Levels

Daily Swing High: 154.804

Daily Swing Low: 148.094

Technical Indicators

Fibonacci: 147.437 aligns with 23.6% retracement from 2021-2024 major bullish wave

RSI: Oversold at 32, hinting at potential rebound near 146.185.

MACD: Bearish momentum persists below 0-line, no crossover yet

Intraday Trade Setups 💡

Trade Idea 1: Intraday Sell

Entry: 🎯 147.628 (Weekly Pivot Resistance)

Stop Loss: 🚫 148.984 (Resistance 1)

Take Profit 1: 🏁 146.959 (Fib 61.8%)

Take Profit 2: 🏁 146.185 (Swing Low)

Rationale: Price rejects 147.628 resistance (weekly pivot + descending trendline) amid dollar weakness

Trade Idea 2: Intraday Buy

No valid setup below DCMP meets risk-reward criteria due to bearish market structure.

Strategic Insights & Risk Management 🔥

Bearish Catalyst: Sustained trading below 147.504 DCMP may accelerate declines toward 146.185 (2024 low)

Bullish Reversal Signal: Close above 148.094 needed to invalidate downtrend.

Fundamental Driver: Monitor Fed rate decisions vs. BOJ policy shifts

Technical Tools in Focus 🔧

Trendlines: Bearish channel from 154.804 signals dominant selling pressure

Volume Profile: Low liquidity near 147.628 increases volatility risks.

Elliott Wave: Potential Wave C continuation if 146.185 breaks

Final Note: Focus on 146.185-147.628 range for breakout confirmation. Bearish bias persists below 148.094 swing low