Technical analysis of USD/JPY 02/21/2025
The USD/JPY currency pair is in a downward correction on (1D).
The pair found resistance at 158.85, from which it corrected to 149.40 (50% Fibo) and is currently trading in the 150.50 area.
If the pair breaks the support at 149.50 (50% Fibo), this will mean the development of a downward correction with the next target in the 147.20 area (61.8% Fibo).
However, the technical picture indicates that at this stage the correction has been worked out and the pair has resumed growth with a target of 162.00 (last year’s high).
Created by Joshua Hayn
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