Quotes of the currency pair Dollar Yen USD/JPY continue to move within the development of a strong decline and a bullish channel. At the moment of the forecast publication the USD/JPY exchange rate is 146.14. Moving averages indicate the presence of a short-term bullish trend on the pair. Prices are testing the area again with upward signal lines, which indicates pressure from the US Dollar buyers and potential continuation of price growth from current levels. As part of the Japanese Yen rate forecast for May 15, 2025, we should expect an attempt to develop a bearish correction and a test of the support area near 144.85. Further, the price rebound upwards and the USD/JPY pair growth continuation to the area above the level of 149.45.
USDJPY Forecast Japanese Yen for May 15, 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 lower border of the bullish channel. A fall and a breakdown of 144.25 level will be an abolishment of the growth option of the currency pair Dollar Yen. This will indicate the breakdown of the support area and the continuation of the decline of the currency pair Dollar Yen. In this case we should expect the pair to continue falling to the area below the level of 142.35. We should expect confirmation of the price growth with the breakdown of the resistance level and consolidation of the price above the level of 146.85, which will indicate the breakdown of the upper boundary of the descending correction channel.
USDJPY Forecast Japanese Yen for May 15, 2025 suggests an attempt to reduce the price of the currency pair and test the support area near the level of 144.85. Then, the continuation of the development of the bullish impulse of quotes to the area above the level of 149.45. 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 144.25 area. This will indicate the breakdown of the support level and the continuation of the pair’s decline with a potential target below the 142.35 level.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
