The USD/JPY currency pair continue to move as part of the fall and the beginning of the “Head and Shoulders” reversal pattern. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is 146.67. The moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downwards, which indicates pressure from US Dollar sellers and a potential continuation of the price fall from the current levels. As part of the Japanese Yen exchange rate forecast for April 4, 2025, we should expect an attempt to develop a bullish correction and test the resistance area near the 147.45 level. Then, a price rebound downwards and a continuation of the USD/JPY pair’s fall to the area below the 143.85 level.
USD/JPY Forecast Japanese Yen for April 4, 2025
An additional signal in favor of the fall of the USD/JPY currency pair will be a test of the resistance line on the relative strength indicator. The second signal will be a rebound from the upper border of the bearish channel. The cancellation of the fall option of the Dollar/Yen currency pair will be a strong growth and a breakout of the 150.45 level. This will indicate a breakout of the resistance area and continued growth of the Dollar/Yen currency pair. In this case, we should expect the pair to continue to rise to the area above the 152.65 level. We should expect confirmation of the price fall with a breakout of the support level and consolidation of the price below the 145.95 level.
USD/JPY Forecast Japanese Yen for April 4, 2025 suggests an attempt to reduce the price of the currency pair and a test of the resistance area near the 147.45 level. Then, the continuation of the development of the bearish impulse of quotes to the area below the 143.85 level. A test of the resistance line on the relative strength indicator will be in favor of the pair’s fall. A strong growth and a breakout of the 150.45 area will cancel the fall option. This will indicate a breakout of the resistance level and continued growth for the pair with a potential target above the 152.65 level.
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