The USD/JPY currency pair is concluding the trading week with a strong rally, hovering near the 159.88 level. Moving averages indicate a bullish trend. Prices have broken through the area between the signal lines, suggesting pressure from US dollar buyers and the potential for continued gains from current levels. In the near term, one might expect an attempt at a pullback, testing the support level near 157.05, followed by an upward rebound and a continuation of the pair’s rise toward the area above 166.75.
USDJPY Weekly Forecast November 16 – 20, 2026
An additional signal supporting a rise in the USD/JPY pair this week would be a bounce off the support line on the Relative Strength Index (RSI) indicator. A second signal would be a rebound from the lower boundary of the bullish channel. The bullish outlook for the USD/JPY pair for the week of November 16–20, 2026, would be invalidated by a decline and a breakout below the 153.65 area. Such a development would indicate a breach of the support zone, leading to a further decline in the pair toward levels below 150.45. A breakout above the resistance area, with the price closing above the 160.45 level, would confirm further upside for the USD/JPY pair.
USDJPY Weekly Forecast November 16 – 20, 2026 suggests a potential bearish correction, with a test of the support level near 157.05. From there, the pair is expected to resume its upward movement toward levels above 166.75. An additional bullish signal would be a test of the trend line on the Relative Strength Index (RSI) indicator. The bullish scenario would be invalidated if the price falls and breaks below the 153.65 level; this would signal a continued decline, with a potential target below the 150.45 area.
