Quotes of the currency pair Dollar Yen USD/JPY continue to move within the development of growth and bullish channel. At the moment of the forecast publication the USD/JPY rate is 148.06. The moving averages indicate the presence of a short-term bullish trend in 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 Japanese Yen rate forecast for May 14, 2025, we should expect an attempt to develop a bearish correction and a test of the support area near 147.35. Further, the price rebound upwards and the USD/JPY pair growth continuation to the area above the level of 151.25.
USDJPY Forecast Japanese Yen for May 14, 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. A fall and breakdown of the level of 146.45 will cancel the growth 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 143.95. We should expect confirmation of the price growth with the breakdown of the resistance level and consolidation of the price above the level of 149.05.
USDJPY Forecast Japanese Yen for May 14, 2025 suggests an attempt to reduce the price of the currency pair and test the support area near the level of 147.35. Then, the continuation of the bullish momentum of quotes to the area above the level of 151.25. In favor of the growth of the pair will be a test of the support line on the relative strength indicator. Cancellation of the growth option will be a fall and breakdown of the area of 146.45. This will indicate the breakdown of the support level and the continuation of the pair decline with a potential target below the level of 143.95.
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