The USD/JPY currency pair is ending the trading week with a decline near the 157.05 area. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, indicating pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt to continue the upward movement and a test of the resistance level near 156.35. This should be followed by an upward rebound and continued growth above 162.75.
USD/JPY Weekly Forecast August 3 – 7, 2026
An additional signal in favor of an uptrend for the USD/JPY pair this trading week will be a rebound from the support line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the bullish channel. A decline and a breakout of the 154.25 area would cancel out the USD/JPY uptrend during the current trading week (August 3-7, 2026). This would indicate a breakout of the support area and a continuation of the pair’s decline on Forex below 150.65. A breakout of the resistance area and a price close above 159.65 would confirm the USD/JPY uptrend, indicating a breakout of the upper boundary of the downward correction channel.
USD/JPY Weekly Forecast August 3 – 7, 2026 suggests an attempt to develop a bearish correction and a test of the support level near 156.35. From there, we should expect the pair to continue to rise above 162.75. A test of the trendline on the relative strength indicator (RSI) will be an additional signal in favor of an upside move. A decline and a breakout of 154.25 will invalidate the pair’s upward trend. This will indicate continued decline, with a potential target below 150.65.
