The USD/JPY currency pair ended the trading week with growth within a downward channel near the 147.73 area. Moving averages indicate a bearish trend. Prices are again testing the area between the signal lines, which indicates pressure from US dollar sellers and a potential continuation of the decline from current levels. Now, we should expect an attempt at a bearish price correction and a test of the support level near the 146.45 area. Then, a rebound upward and a continuation of the pair’s growth to the area above the 155.05 level.
USD/JPY Weekly Forecast July 28 — August 1, 2025
An additional signal in favor of the growth of the dollar-yen pair in the current trading week will be a test of the broken trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the “Triangle” pattern. A decline and breakout of the 141.65 area will negate the possibility of the USD/JPY pair rising during the current trading week of July 28 — August 1, 2025. This scenario will indicate a breakout of the support area and a continuation of the pair’s decline on Forex to below the 138.35 level. Confirmation of growth in the USD/JPY pair will be a breakout of the resistance area and the price closing above the level of 149.25.
USD/JPY Weekly Forecast July 28 — August 1, 2025 suggests an attempt at a bearish correction and a test of the support level near the 146.45 area. From there, we can expect the pair to continue growing to an area above the 155.05 level. An additional signal in favor of growth will be a test of the trend line on the relative strength indicator. A fall and breakout of the 141.65 level will cancel the option of the pair’s rise. This will indicate a continuation of the pair’s decline with a potential target below the 138.35 area.
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