The USD/JPY currency pair is ending the trading week with a decline and has exited the bullish channel near the 154.02 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 at price growth and a test of resistance near the 155.65 area. This should then lead to a downward rebound and a continued decline below the 145.55 level.
USDJPY Weekly Forecast February 2 – 6, 2026
An additional signal for a decline in the USD/JPY pair this trading week will be a test of the broken trend line on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A strong rally and a breakout of the 157.75 area would cancel out the USD/JPY decline this trading week (February 2-6, 2026). This scenario would indicate a breakout of the resistance area and continued growth in the Forex market above 161.65. A breakout of the support area and a price close below 151.25 would confirm a decline in the USD/JPY pair.
USDJPY Weekly Forecast February 2 – 6, 2026 suggests an attempt at a bullish correction and a test of resistance near 155.65. From there, we should expect the pair to continue falling below 145.55. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of decline. A strong rally and a breakout of 157.75 would cancel out the pair’s downward trend. This would indicate continued upside with a potential target above 161.65.
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