Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline within the formation of the bullish “Wolf Wave” pattern near the 145.95 area. The moving averages indicate a bullish trend. Prices have broken through the area between the signal lines downwards, which indicates pressure from sellers of the US dollar and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a price decline and a test of the support level near the 145.05 area. Then, an upward rebound and continued growth of the pair to the area above the 151.45 level.
USD/JPY Weekly Forecast April 7 — 11, 2025
An additional signal in favor of the growth of the Dollar Yen pair in the current trading week will be a test of the bullish trend line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish “Wolf Wave” pattern. The cancellation of the growth option for the USD/JPY pair in the current trading week of April 7 — 11, 2025 will be a fall and a breakout of the 142.05 area. This option will indicate a breakout of the support area and a continuation of the pair’s fall on Forex to the area below 139.85. A breakout of the resistance area and closing of the price above 146.95 will confirm the growth of the USD/JPY pair.
USD/JPY Weekly Forecast April 7 — 11, 2025 suggests an attempt to develop a bearish correction and a test of the support level near the 145.05 area. From where we should expect the pair to continue growing to the area above 151.45. An additional signal in favor of growth will be a test of the trend line on the relative strength indicator. The cancellation of the pair’s rise option will be a fall and a breakout of the 142.05 level. This will indicate a continuation of the pair’s decline with a potential target below the 139.85 area.
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