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12.03.202504:50 Forex Analysis & Reviews: USD/JPY Forecast for March 12, 2025

After testing the price channel line on the daily chart, the USD/JPY pair has moved upward, likely entering a corrective phase following the price movement since January 10.

Exchange Rates 12.03.2025 analysis

The nearest corrective level is at 149.38, which aligns with the 23.6% Fibonacci level. A breakout above this level would allow the price to continue its correction toward the 38.2% Fibonacci level, targeting 151.30.

Exchange Rates 12.03.2025 analysis

On the four-hour chart, the price has moved above the MACD line, and the Marlin oscillator is in the uptrend area. We expect the price to rise toward the initial target level of 149.38.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2025
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