The USD/JPY currency pair is ending the trading week with a decline within a bullish channel near the 150.38 area. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating 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 the support level near the 147.35 area. This should then lead to an upward rebound and continued growth above the 159.35 level.
USD/JPY Weekly Forecast October 20 — 24, 2025
An additional signal for the USD/JPY pair to rise this trading week will be a test of the bullish trendline on the relative strength indicator. A second signal will be a rebound from the upper boundary of the descending channel. A decline and breakout of the 145.25 area would cancel out the USD/JPY upside during the current trading week (October 20-24, 2025). This would indicate a breakout of the support area and a continuation of the pair’s decline on Forex below 142.35. A breakout of the resistance area and a price close above 153.65 would confirm an upside for 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 October 20 — 24, 2025suggests an attempt at a bearish correction and a test of support near 147.35. From there, we should expect the pair to continue rising above 159.35. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of upside. A decline and a break of 145.25 would invalidate the pair’s upward trend. This would indicate continued decline with a potential target below 142.35.
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