Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a fall near the 150.41 area. The moving averages indicate a bullish trend. Prices are testing 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 bullish price correction and a test of the resistance level near the 151.75 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 140.85 level.
USD/JPY Weekly Forecast February 24 — 28, 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 upper border of the descending channel. The cancellation of the fall option for the USD/JPY pair in the current trading week of February 24 — 28, 2025 will be a strong growth and a breakout of the 155.85 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 162.85. 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 149.25.
USD/JPY Weekly Forecast February 24 — 28, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the area of 151.75. From where we should expect a continuation of the fall of the pair to the area below the level of 140.85. 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 155.85 level. This will indicate a continuation of the pair’s rise with a potential target above the 162.85 area.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
