Currency pair quotations for the Dollar-Yen (USD/JPY) are continuing within the framework of the decline development and bear channel. Now of this forecast, the rate of US Dollars to Japanese Yen is at 143.71. Moving averages indicate a short-term bearish trend for the pair. Prices broke through the area defined by signal lines downwards, which indicates pressure from US Dollar buyers and potential continuation of price rises already from current levels. Within this forecast, on May 22, 2025, it is expected that there will be an attempt to develop a bullish correction and test the resistance area near the level of 146.15. Then, a price bounce downwards and further decline of the USD/JPY pair into the region below the level of 140.45.
USDJPY Forecast Japanese Yen for May 22, 2025
Additional signals in favor of the USD/JPY currency pair’s decline will be a test of the resistance line on the Relative Strength Index (RSI) indicator. The second signal is a rebound from the upper boundary of the reversal pattern “Head and Shoulders”. A rejection variant for the decline of the USD/JPY currency pair would be strong growth and breaking through the level 146.25. This will indicate a break-through resistance area and continuation of the USD/JPY currency pair’s rise. In this case, we should expect further rise in the pair to an area above the level 149.35. To anticipate confirmation of price decline, one should wait for breaking through support level and fixing price below the level 141.85, which will indicate a break-through of the lower boundary of the “Head and Shoulders” reversal pattern and the beginning of implementing the pattern with targets down below.
USDJPY Forecast Japanese Yen for May 22, 2025, predicts an attempt to increase the price of the currency pair and a test of the resistance area near the level of 146.15. Then, continuation of the bearish momentum in the region below the level of 140.45. A decline in the pair would be supported by testing the resistance line on the Relative Strength Index (RSI) indicator. Cancellation of the downward scenario will be a strong rise and penetration into the area of 146.25, which indicates a breakthrough of the resistance level and continuation of the increase in the pair with potential target levels above the level of 149.35.
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