Quotes of the currency pair Dollar Yen USD/JPY continue to move within the development of growth and bullish channel. At the time of publication of the forecast the USD/JPY rate is 144.90. Moving averages indicate the presence of a short-term bullish trend on the pair. Prices broke through the area between the signal lines upwards, which indicates the pressure from the US Dollar buyers and potential continuation of the price growth already from the current levels. As part of the forecast for the Japanese Yen for May 13, 2025, we should expect an attempt to develop a bearish correction and a test of the support area near the level of 146.25. Further, the price rebound upwards and the continuation of USD/JPY growth to the area above the level of 151.65.
USDJPY Forecast Japanese Yen for May 13, 2025
An additional signal in favor of the USD/JPY currency pair growth will be a test of the support line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option of the currency pair Dollar Yen will be a fall and breakdown of the level of 145.35. This will indicate the breakdown of the support area and the continuation of the fall of 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 143.35. Expect confirmation of the price growth with the breakdown of the resistance level and consolidation of the price above the level of 149.05, which will indicate the breakdown of the upper boundary of the bullish channel, and this is a signal for growth to the width of the channel.
USDJPY Forecast Japanese Yen for May 13, 2025 suggests an attempt to reduce the price of the currency pair and test the support area near the level of 146.25. Then, the continuation of the development of bullish momentum quotes in the area above the level of 151.65. In favor of the growth of the pair will be a test of the support line on the relative strength indicator. The growth option will be canceled by a fall and breakdown of the 145.35 area. This will indicate the breakdown of the support level and the continuation of the pair’s decline with a potential target below the 143.35 level.
