Quotes of the currency pair Dollar/Yen USD/JPY are ending the trading week with a decline near the 148.68 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 bullish price correction and a test of the resistance level near the 151.85 area. Then, a downward rebound and a continuation of the fall of the pair to the area below the 142.25 level.
USD/JPY Weekly Forecast March 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 resistance line on the relative strength indicator. The second signal will be a rebound from the lower border of the bullish channel. The cancellation of the fall option for the USD/JPY pair in the current trading week of March 17 — 21, 2025 will be a strong growth and a breakout of the 154.25 area. This option will indicate a breakout of the resistance area and continued growth of the pair on Forex to the area above the 156.75 level. The USD/JPY pair will be confirmed to fall by breaking the support area and closing the price below 146.55.
USD/JPY Weekly Forecast March 17 — 21, 2025 suggests an attempt to develop a bullish correction and test the resistance level near the 151.85 area. From where we should expect the pair to continue falling to the area below 142.25. 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 154.25 level. This will indicate a continued rise in the pair with a potential target above the 156.75 area.
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