Quotes of the currency pair Dollar/Yen USD/JPY are completing the trading week of a bullish correction within the descending channel near the 145.44 area. The moving averages indicate a bearish 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 146.75 area. Then, a rebound downwards and a continuation of the fall of the pair to the area below the 134.45 level.
USD/JPY Weekly Forecast May 12 — 16, 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 May 12 — 16, 2025 will be a strong growth and a breakout of the 149.45 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 153.25. 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 142.45.
USD/JPY Weekly Forecast May 12 — 16, 2025 suggests an attempt to develop a bullish correction and a test of the resistance level near the area of 146.75. From where we should expect a continuation of the fall of the pair to the area below the level of 134.45. An additional signal in favor of a decline will be a test of the trend line on the relative strength indicator. The cancellation of the pair’s fall option will be a strong growth and a breakout of the 149.45 level. This will indicate a continuation of the pair’s rise with a potential target above the 153.25 area.
