FXGlory
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USD/JPY Daily Technical and Fundamental Analysis for 06.03.2025
Time Zone: GMT +3
Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today's USD-JPY currency pair will be influenced by significant economic events impacting both USD and JPY. The upcoming U.S. JOLTS Job Openings and Manufacturing Orders data can introduce volatility due to their implications for employment trends and manufacturing activity, respectively. Additionally, multiple speeches by Federal Reserve officials today may further influence market expectations regarding future monetary policy. Concurrently, JPY traders will closely monitor BOJ Governor Kazuo Ueda's remarks for potential shifts in Japan's monetary policy, impacting the Yen significantly.
Price Action:
Analyzing the USDJPY H4 chart reveals that the pair has approached its ascending support line, indicating a crucial test of price stability. If the price obtains support at the current level, it could likely initiate another upward move, aiming to retest the daily resistance line previously breached. The weakened downtrend observed recently could signal the potential initiation of a bullish reversal upon breaking this key resistance.
Key Technical Indicators:
Ichimoku Cloud: The price is positioned below the Ichimoku cloud, which indicates a prevailing bearish sentiment. However, the narrowing span of the cloud suggests possible trend exhaustion, with potential for bullish momentum if price moves upwards through the cloud.
MACD: MACD is below the signal line and in negative territory, highlighting current bearish momentum. Nevertheless, decreasing histogram bars suggest weakening bearish momentum, potentially signaling a bullish divergence soon.
Parabolic SAR: The Parabolic SAR indicator remains above the price, underscoring a bearish bias. However, its proximity to price action indicates a potential switch soon if bullish pressure emerges.
%R (Williams %R): The %R indicator at -92.61 indicates oversold conditions, suggesting the price could soon experience a corrective rally or upward momentum.
Volume: Recent volume bars demonstrate relatively stable volume levels without significant spikes. A notable volume increase coinciding with bullish price action would strongly support a trend reversal.
Support and Resistance Levels:
Support: Immediate support is around the 142.650 level, aligning with the ascending trendline visible on the H4 chart.
Resistance: The key resistance is positioned near the 144.250 level, aligning with the daily resistance line and previous high points.
Conclusion and Consideration:
The USD/JPY analysis on the H4 timeframe shows the pair at a crucial support level with indications of weakening bearish momentum. Technical indicators such as Ichimoku Cloud, MACD, and Williams %R point toward a potential reversal scenario. Traders should remain vigilant to upcoming economic data releases and central bank speeches today, as these events could introduce volatility and alter market sentiment significantly. Always ensure risk management protocols are in place.
Disclaimer: The analysis provided for USD/JPY is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on USDJPY. Market conditions can change quickly, so staying informed with the latest data is essential.
FXGlory
06.03.2025

Time Zone: GMT +3
Time Frame: 4 Hours (H4)
Fundamental Analysis:
Today's USD-JPY currency pair will be influenced by significant economic events impacting both USD and JPY. The upcoming U.S. JOLTS Job Openings and Manufacturing Orders data can introduce volatility due to their implications for employment trends and manufacturing activity, respectively. Additionally, multiple speeches by Federal Reserve officials today may further influence market expectations regarding future monetary policy. Concurrently, JPY traders will closely monitor BOJ Governor Kazuo Ueda's remarks for potential shifts in Japan's monetary policy, impacting the Yen significantly.
Price Action:
Analyzing the USDJPY H4 chart reveals that the pair has approached its ascending support line, indicating a crucial test of price stability. If the price obtains support at the current level, it could likely initiate another upward move, aiming to retest the daily resistance line previously breached. The weakened downtrend observed recently could signal the potential initiation of a bullish reversal upon breaking this key resistance.
Key Technical Indicators:
Ichimoku Cloud: The price is positioned below the Ichimoku cloud, which indicates a prevailing bearish sentiment. However, the narrowing span of the cloud suggests possible trend exhaustion, with potential for bullish momentum if price moves upwards through the cloud.
MACD: MACD is below the signal line and in negative territory, highlighting current bearish momentum. Nevertheless, decreasing histogram bars suggest weakening bearish momentum, potentially signaling a bullish divergence soon.
Parabolic SAR: The Parabolic SAR indicator remains above the price, underscoring a bearish bias. However, its proximity to price action indicates a potential switch soon if bullish pressure emerges.
%R (Williams %R): The %R indicator at -92.61 indicates oversold conditions, suggesting the price could soon experience a corrective rally or upward momentum.
Volume: Recent volume bars demonstrate relatively stable volume levels without significant spikes. A notable volume increase coinciding with bullish price action would strongly support a trend reversal.
Support and Resistance Levels:
Support: Immediate support is around the 142.650 level, aligning with the ascending trendline visible on the H4 chart.
Resistance: The key resistance is positioned near the 144.250 level, aligning with the daily resistance line and previous high points.
Conclusion and Consideration:
The USD/JPY analysis on the H4 timeframe shows the pair at a crucial support level with indications of weakening bearish momentum. Technical indicators such as Ichimoku Cloud, MACD, and Williams %R point toward a potential reversal scenario. Traders should remain vigilant to upcoming economic data releases and central bank speeches today, as these events could introduce volatility and alter market sentiment significantly. Always ensure risk management protocols are in place.
Disclaimer: The analysis provided for USD/JPY is for informational purposes only and does not constitute investment advice. Traders are encouraged to perform their own analysis and research before making any trading decisions on USDJPY. Market conditions can change quickly, so staying informed with the latest data is essential.
FXGlory
06.03.2025