The USD/JPY currency pair quotes continue to move within the framework of a minor correction and a descending channel. At the time of the forecast publication, the US Dollar to Japanese Yen exchange rate is at 149.70. Moving averages indicate a short-term bearish trend for the pair. Prices have broken through the area between the signal lines downward, indicating pressure from US Dollar sellers and the potential continuation of the price decline from current levels. As part of the Japanese Yen exchange rate forecast for February 26, 2025, an attempt to rise and test the resistance area near the 149.85 level is expected. After that, a downward price rebound and a continuation of the USD/JPY pair’s decline into the area below the 146.25 level are anticipated.
USD/JPY Forecast Japanese Yen for February 26, 2025
An additional signal in favor of the USD/JPY currency pair’s decline will be a test of the resistance line on the Relative Strength Index (RSI). The second signal will be a rebound from the upper boundary of the “Triangle” pattern. The cancellation of the decline scenario for the USD/JPY currency pair will be strong growth and a breakout of the 151.15 level. This will indicate a breakout of the resistance area and the continuation of the USD/JPY currency pair’s growth. In this case, a continuation of the pair’s decline into the area below the 152.85 level is expected. Confirmation of the price decline should be awaited with a breakout of the support level and consolidation of the price below the 148.65 level, indicating a breakdown of the lower boundary of the “Triangle” pattern and the beginning of the pattern’s implementation with lower targets.
USD/JPY Forecast Japanese Yen for February 26, 2025 suggests an attempt of the currency pair’s price to rise and test the resistance area near the 149.85 level. Then, the continuation of the downward momentum in quotes into the area below the 146.25 level. A test of the resistance line on the Relative Strength Index will support the pair’s decline. The cancellation of the decline scenario will be strong growth and a breakout of the 151.15 area. This will indicate a breakout of the resistance level and a continuation of the uptrend for the pair with a potential target above the 152.85 level.
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