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14.02.2025 05:01 AM
USD/JPY Forecast for February 14, 2025

USD/JPY

The yen experienced an overextension in its correction, reaching the target level of 154.56 and covering 193 pips in a single day on Wednesday. However, by Thursday morning, these gains were completely reversed by a sharp decline.

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The price is now approaching the support level at 151.30. If this level is breached, it will pave the way for a further decline towards the next target at 149.38, which was the peak on August 15, 2024.

On the four-hour chart, the price has settled below the MACD indicator line, and the Marlin oscillator has entered bearish territory.

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However, the price has not yet fallen below the balance line, represented by the red moving average. For a further confirmation of downward movement, the pair may need to slow its decline and wait for the indicator line to turn upward. This could happen by late evening, indicating that a significant downward move is likely either late Friday or early Monday morning.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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