The USD/JPY currency pair continues to move as part of a correction and the formation of a Double Top reversal pattern. At the time of publication of this forecast, the US Dollar to Japanese Yen exchange rate is 153.07. Moving averages indicate a short-term bullish trend for the pair. Prices have broken above the signal lines, indicating upward pressure from US Dollar buyers and potential continued price growth from current levels. The Japanese Yen exchange rate forecast for October 28, 2025, anticipates an attempt at further growth and a test of the resistance area near 153.65. Next, a downward price rebound and a continued decline in the USD/JPY pair below 150.25.
USD/JPY Forecast Japanese Yen for October 28, 2025
An additional signal for a decline in the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. A second signal will be a rebound from the upper boundary of the Double Top pattern. A strong rally and a breakout of 155.45 would cancel out the downward trend in the USD/JPY pair. This would indicate a breakout of the resistance area and continued growth in the USD/JPY pair. In this case, we should expect continued growth above 157.25. Confirmation of the price decline should be expected with a breakout of the support level and a consolidation below 151.35, which would indicate a breakout of the lower boundary of the bullish channel.
USD/JPY Forecast Japanese Yen for October 28, 2025 suggests an attempt at a bullish correction, testing the resistance zone near 153.65. Subsequently, the bearish momentum will continue to develop below 150.25. A test of the trendline on the relative strength indicator (RSI) would support a decline. A strong rally and a breakout of 155.45 would invalidate the bearish scenario. This would signal a breakout of the resistance level and continued growth with a potential target above 157.25.
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