The USD/JPY currency pair is ending the trading week with strong gains within a bullish channel near the 154.13 area. Moving averages indicate a bullish trend. Prices have broken above the signal lines, indicating upward pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish price correction and a test of support near the 152.05 area. This should be followed by an upward rebound and continued growth above 158.65.
USD/JPY Weekly Forecast November 3 – 7, 2025
An additional signal in favor of growth for the USD/JPY pair this trading week will be a test of the bullish trend line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 149.05 area would cancel out the USD/JPY uptrend during the current trading week (November 3-7, 2025). This would indicate a breakout of the support area and a continued decline in the Forex market below 142.45. A breakout of the resistance area and a price close above 155.85 would confirm an uptrend in the USD/JPY pair, signaling a breakout of the upper boundary of the Triangle pattern and the beginning of a pattern with targets above.
USD/JPY Weekly Forecast November 3 – 7, 2025 suggests an attempt to develop a bearish correction and a test of the support level near 152.05. From there, we should expect continued growth in the pair above 158.65. 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 149.05 would invalidate the pair’s upward trend. This would indicate continued decline, with a potential target below 142.45.
