Quotes of the currency pair Dollar Yen USD/JPY continue to move within the framework of growth development and formation of the “Triangle” model. Now of forecast publication the USD/JPY rate is 144.97. Moving averages indicate the presence of a short-term bullish trend on the pair. Prices broke through the area with upward signal lines, which indicates the pressure from the US Dollar buyers and potential continuation of the price growth already from the current levels. Within the framework of the Japanese Yen rate forecast for June 11, 2025, we should expect an attempt to develop a bearish correction and a test of the support area near the level of 144.35. Further, the price rebound upwards and continued growth of the USD/JPY pair to the area above the level of 147.45.
USD/JPY Forecast Japanese Yen for June 11, 2025
An additional signal in favor of the growth of the USD/JPY currency pair will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the upper boundary of the Triangle pattern. A fall and breakdown of 143.65 level will be a cancellation of the upside option of the currency pair Dollar Yen. This will indicate the breakdown of the support area and the continuation of the decline in the currency pair Dollar Yen. In this case, we should expect the continuation of the pair’s decline to the area below the level of 141.65. We should expect confirmation of the price growth with the breakdown of the support level and consolidation of the price above the level of 145.65, which will indicate the breakdown of the upper boundary of the “Triangle” pattern and the beginning of the pattern realization with upward targets.
USDJPY Forecast Japanese Yen for June 11, 2025 suggests an attempt to develop a bullish correction with a test of the support zone near the level of 144.35. Then, the continuation of the bullish momentum of quotes to the area above 147.45. In favor of the rise of the pair will be a test of the trend line on the relative strength indicator. The growth option will be canceled by the quotes falling and breaking through the 143.65 area. This will indicate the breakdown of the support level and the continuation of the pair growth with a potential target below the 141.65 level.
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