Currency pair quotes for USD/JPY are concluding the trading week with a correction within a descending channel near the area of 145.51. Moving averages indicate an existing bearish trend. Prices have rebounded down from the area between signal lines, suggesting pressure on the US dollar sellers and potential continuation of its decline already at current levels. Currently, we should anticipate a bullish price correction attempt and testing the resistance level near the area of 147.65. Then, a drop in prices and further decline of the pair below the level of 134.25.
USDJPY Weekly Forecast May 19 — 23, 2025
Additional signals supporting the drop of the Dollar-Yen pair for the current trading week would be a test of the trend indicator’s relative strength’s downward line. A second signal will be a rebound from the upper boundary of the descending channel. Cancellation of the USD/JPY price drop option for the current trading week May 19 – 23, 2025 is strong growth and penetration of the area at 151.85. This scenario indicates a breakout above the resistance zone and continuation of the pair’s growth on Forex to an area above the level of 154.85. Confirmation of the drop in the USD/JPY rate would be a break through the support area and closing price below the level of 143.05.
USDJPY Weekly Forecast May 19 — 23, 2025 anticipates a bullish correction attempt and testing the resistance level near the area of 147.65. From where we should expect continuation of the pair’s decline into an area below the level of 134.25. An additional signal for decrease would be testing the trend line on the Relative Strength Index (RSI) indicator. Cancellation of the pair’s decline option will be a strong rise and breakout through the level of 151.85, which will indicate continuation of the pair’s rise with a potential target above the area of 154.85.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
