The quotes of the USD/JPY currency pair continue to move within the development of a minor bullish correction and a descending channel. At the time of publication of the forecast, the US Dollar to Japanese Yen exchange rate is 149.44. Moving averages indicate the presence of a short-term bearish trend for the pair. Prices broke through the area between the signal lines downwards, which indicates pressure from sellers of the US Dollar and a potential continuation of the fall in prices from the current levels. As part of the forecast of the Japanese Yen exchange rate for February 25, 2025, we should expect an attempt to develop an increase and a test of the resistance area near the level of 149.85. Then, a price rebound downwards and a continuation of the fall of the USD/JPY pair to the area below the level of 146.25.
USD/JPY Forecast Japanese Yen for February 25, 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 descending channel. The cancellation of the fall option of the Dollar/Yen currency pair will be a strong growth and a breakout of the 151.05 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 a continuation of the pair’s decline to the area below the 152.75 level. We should expect confirmation of the price fall with a breakout of the support level and consolidation of the price below the 148.35 level.
USD/JPY Forecast Japanese Yen for February 25, 2025 suggests an attempt to raise the price of the currency pair and a test of the resistance area near the 149.85 level. Then, the continuation of the development of the downward impulse of quotes to the area below the 146.25 level. A test of the resistance line on the relative strength indicator will be in favor of the pair’s decline. A strong growth and a breakout of the 151.05 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 152.75 level.
