Quotes of the currency pair Dollar Yen USD/JPY end the trading week with a bullish correction within the descending channel near the area of 144.53. Moving averages indicate the presence of a bearish trend. Prices made a downward pullback from the area between the signal lines, which indicates pressure from the USD sellers and potential continuation of the decline from the current levels. Now, we should expect an attempt to develop a bullish correction and test the resistance level near the 145.25 area. Then, the pair will bounce down and continue falling to the area below the 133.25 level.
USD/JPY Weekly Forecast July 7 — 11, 2025
An additional signal in favor of the fall of the pair Dollar Yen in the current trading week will be a test of the descending trend line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the Triangle pattern. A strong growth and breakdown of the 149.75 area will be the cancellation of the USD/JPY downside option for the current trading week July 7 — 11, 2025. This variant will indicate the breakdown of the resistance area and the continuation of the pair growth on Forex to the area above the level of 152.75. The confirmation of the USD/JPY pair decline will be the breakdown of the support area and the price closing under the level of 140.85, which will indicate the breakdown of the lower boundary of the “Triangle” pattern and the beginning of the pattern realization with the targets below.
USD/JPY Weekly Forecast July 7 — 11, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the area of 145.25. From where we should expect the pair to continue falling to the area below the level of 133.25. An additional signal in favor of the decline will be a test of the trend line on the relative strength indicator. A strong growth and breakdown of 149.75 level will cancel the downside option. This will indicate the continuation of the pair’s rise with a potential target above the area of 152.75.
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