USD/JPY: Elliott Wave Analysis and Forecast for 21.03.25 – 28.03.25

The article covers the following subjects:

Major Takeaways

  • Main scenario: Consider long positions from corrections above the level of 146.60 with a target of 152.72 – 154.20. A buy signal: the price holds above 146.60. Stop Loss: below 146.20, Take Profit: 152.72 – 154.20.
  • Alternative scenario: Breakout and consolidation below the level of 146.60 will allow the pair to continue declining to the levels of 142.50 – 138.65. A sell signal: the level of 146.60 is broken to the downside. Stop Loss: above 147.00, Take Profit: 142.50 – 138.65.

Main Scenario

Consider long positions from corrections above the level of 146.60 with a target of 152.72 – 154.20.

Alternative Scenario

Breakdown and consolidation below the level of 146.60 will allow the pair to continue declining to the levels of 142.50 – 138.65.

Analysis

The daily time frame shows that the ascending wave of larger degree 3 is presumably formed, and the bearish correction continues developing as the fourth wave 4, with wave (А) of 4 completed as its part. On the H4 chart, the corrective wave (В) of 4 has formed, and wave (C) of 4 is unfolding. Apparently, the first wave of smaller degree 1 of (C) has formed on the H1 chart. Also, the local correction is developing as the second wave 2 of (C), within which wave а of 2 is unfolding. If the presumption is correct, USD/JPY will continue to rise to the levels of 152.72 – 154.20. The level of 146.60 is critical in this scenario, as a breakout will enable the pair to continue declining to the levels of 142.50 – 138.65.


This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.



Price chart of USDJPY in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance broker. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2014/65/EU.

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