(JPY | USD) Forex Trading Analysis Today Forex Forecast | MAR 25, 2023 | JPYUSD Analysis

Forex Trading Analysis

Hello, guys, I am going to analyze usdjpy currency pair let us start the top top-to-bottom Eliot wave analysis inside the daily time frame the trend is up in USD J currency per Daily time frame support is present at $146.47 price level price action is most likely going to rise up to print bullish wave three impulse leg in coming trading days decisive bearish break below $146.47 support area is going to end uptrend in the daily chart of USD J currency pair

At four time frame price action is printing higher swing highs and higher swing lowsto me USD pair Trend looks up in 4Hour time frame

At 1 hour time frame the trend is up in 1 hour chart intraday support is present at $149.98 price level price action is most likely going to move sideways to complete a bearish wave for the triangle Elliot wave pattern after that I expect a bullish W five impulse leg which offers the chance to join an uptrend in USD gen pair decisive bearish break below $149.98 support level is going to end up Trend in 1-hour chart of United States dollar versus Japanese yen currency pair

The green color highlighted area offers a buying opportunity which is the previous fourth wave of one lesser degree take note you must always trade with money management rules to control risk