The USD/JPY currency pair is ending the trading week with a sharp decline within a bullish channel near the 157.69 area. Moving averages indicate a bullish trend. Prices are again testing the area between the signal lines, indicating pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt to continue the decline and a test of support near the 151.45 area. This should then lead to an upward rebound and continued growth above 160.75.
USDJPY Weekly Forecast February 16 – 20, 2026
An additional signal in favor of the USD/JPY pair’s growth this trading week will be a rebound from the trend line on the relative strength indicator. The second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 148.45 area will cancel out the USD/JPY uptrend during the current trading week (February 16-20, 2026). This would indicate a breakout of the support area and a continued decline in the Forex pair below 146.15. A breakout of the resistance area and a price close above 154.65 would confirm a rise in the USD/JPY pair.
USDJPY Weekly Forecast February 16 – 20, 2026 suggests an attempt at a bearish correction and a test of the support level near 151.45. From there, we should expect the pair to continue rising above 160.75. A test of the trendline on the relative strength indicator (RSI) will be an additional signal in favor of an upside move. A decline and a breakout of 148.45 will cancel out the pair’s upward trend. This will indicate continued decline, with a potential target below 146.15.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
