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Bitcoin Price (BTCUSD) Tries to Recover Recent Losses – Forecast for March 12, 2025

Bitcoin (BTCUSD) closed yesterday above the $80,474.40 level, indicating an attempt to halt the bearish correction that has recently affected the market. However, technical...
HomeCurrenciesUSD/JPY Shows Signs of Recovery Amidst Fluctuations

USD/JPY Shows Signs of Recovery Amidst Fluctuations

The USD/JPY pair is currently exhibiting a fluctuating pattern around the previously breached support level, now identified at 147.40. Sustaining a position below this level is crucial to uphold the prevailing bearish trend, with the next significant target set at 146.17.

Technical indicators convey negative signals, reinforcing the anticipation of a continued bearish trend. It is imperative to monitor the 147.40 level, as a breach could signal a recovery, prompting the price to aim for a test of 148.30.

The anticipated trading range for the day is expected to fluctuate between the support level at 146.50 and the resistance level at 147.90.

Expected Trend for Today: Bearish