Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 152.55 area. The moving averages indicate a bullish trend. Prices are testing the area between the signal lines, which indicates pressure from US dollar buyers and potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop price growth and a test of the resistance level near the 154.95 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 144.75 level.
USD/JPY Weekly Forecast February 17 — 21, 2025
An additional signal in favor of the fall of the Dollar Yen pair in the current trading week will be a test of the descending trend line on the relative strength indicator. The second signal will be a rebound from the lower border of the “Head and Shoulders” reversal pattern. The cancellation of the fall option for the USD/JPY pair in the current trading week of February 17 — 21, 2025 will be a strong growth and a breakout of the 161.65 area. This option will indicate a breakout of the resistance area and continued growth of the pair on Forex to the area above the level of 164.35. Confirmation of the fall in the USD/JPY pair will be a breakout of the support area and closing of the price below the level of 149.65, which will indicate a breakout of the lower border of the “Head and Shoulders” pattern and the beginning of the implementation of the pattern with targets below.
USD/JPY Weekly Forecast February 17 — 21, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the area of 154.95. From where we should expect a continuation of the fall of the pair to the area below the level of 144.75. An additional signal in favor of the fall will be a test of the trend line on the relative strength indicator. The cancellation of the pair’s decline option will be a strong growth and a breakout of the 161.65 level. This will indicate a continuation of the pair’s rise with a potential target above the 164.35 area.
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