Trade Analysis & Reviews: 14.03.2025 - USD/JPY Forecast for March...

14.03.2025 04:53 AM

USD/JPY Forecast for March 14, 2025

The Marlin oscillator's signal line is rising within its ascending channel and is approaching the transition into positive territory. Signs of a deep correction are emerging, which could lead to growth toward the target level of 151.30. This target aligns with the 38.2% Fibonacci retracement and the peak observed on March 3.

This correction could occur amid the current uncertainty surrounding upcoming wage negotiations between the government and labor unions, with unions demanding a 6.09% increase—the highest in 30 years. Additionally, there is anticipation for the Bank of Japan's meeting scheduled for March 19.

On the four-hour chart, the price has consolidated above the balance and MACD indicator lines. The Marlin oscillator has turned upward without reaching the boundary of the bearish territory. The nearest target at 149.38 is now achievable.

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*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Technical analysis