The USD/JPY currency pair ended the trading week with a sharp decline within a downward channel near the 144.60 area. Moving averages indicate a bearish trend. Prices rebounded from the area between the signal lines downwards, indicating pressure from US dollar sellers and a potential continuation of the decline from current levels. Now, we should expect an attempt at a bullish price correction and a test of the resistance level near the 145.15 area. Then, a rebound downwards and a continuation of the pair’s decline to the area below the 135.35 level.
USD/JPY Weekly Forecast June 30 — July 4, 2025
An additional signal in favor of a decline in the dollar-yen pair for the current trading week will be a test of the downward trend line on the relative strength indicator. The second signal will be a rebound from the upper border of the downward channel. A strong rise and a breakout of the 149.75 area will cancel the option of a decline in the USD/JPY pair during the current trading week of June 30 — July 4, 2025. This option will indicate a breakout of the resistance area and a continuation of the pair’s growth on Forex to an area above the 153.15 level. Confirmation of the decline in the USD/JPY pair will be a breakout of the support area and a close below the level of 140.65, which will indicate a breakout of the lower border of the “Triangle” model and the beginning of the pattern’s implementation with targets below.
USD/JPY Weekly Forecast June 30 — July 4, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 145.15 area. From there, we can expect the pair to continue falling to below the 135.35 level. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. A strong rise and a breakout of the 149.75 level will cancel the decline scenario. This will indicate a continuation of the pair’s rise with a potential target above the 153.15 area.
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