The USD/JPY currency pair is ending the trading week with a strong rise within a bullish channel near the 152.83 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 support near the 150.65 area. This should then lead to an upward rebound and continued growth above the 158.45 level.
USD/JPY Weekly Forecast October 27 – 31, 2025
An additional signal favoring the USD/JPY pair’s growth 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 lower boundary of the bullish channel. A decline and a breakout of the 149.25 area would cancel out the USD/JPY uptrend this trading week (October 27-31, 2025). This would indicate a breakout of the support area and a continuation of the pair’s decline on the Forex market below 143.65. A breakout of the resistance area and a price close above 155.15 would confirm an uptrend for the USD/JPY pair, signaling a breakout of the upper boundary of the Triangle pattern and the beginning of the pattern’s implementation with targets above.
USD/JPY Weekly Forecast October 27 – 31, 2025 suggests an attempt at a bearish correction and a test of support near 150.65. From there, we should expect continued growth above 158.45. A test of the trendline on the relative strength indicator (RSI) would be an additional signal in favor of an upside move. A decline and a breakout of 149.25 would cancel out the upside potential. This will indicate a continuation of the pair’s decline with a potential target below the 143.65 area.
