FX.co ★ Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday March 03, 2025.

If we pay close attention to the 4-hour chart of the main currency pair USD/JPY, it appears that there is a deviation between the price movement of USD/JPY and the Stochastic Oscillator indicator, which indicates that in the near future USD/JPY has the potential to strengthen, especially with the addition of the price movement of this currency pair moving harmoniously in the Bullish Pitchfork channel and above the EMA (21) which has a slope that dives upwards, so based on these facts and as long as there is no significant weakening correction, such as a decline to break through and close below the level of 148.75, then USD/JPY will strengthen up to the middle line of the Bullish Pitchfork channel and if the volatility and momentum of the strengthening support it, the level of 151.64 will be the next target to be aimed for.

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