The USD/JPY currency pair is ending the trading week with a decline, hovering near the 158.42 level. Moving averages point to an ongoing bullish trend. Prices are currently re-testing the area between the signal lines, indicating pressure from US dollar buyers and the potential for a resumption of the uptrend from current levels. In the near term, we may see an attempt at a decline, testing the support level near 156.85, followed by an upward rebound and a move toward levels above 161.45.
USDJPY Weekly Forecast November 9 – 13, 2026
An additional signal supporting a rise in the USD/JPY pair this week is a bounce off the support line on the Relative Strength Index (RSI). A second signal is a rebound from the lower boundary of a bullish channel. The bullish scenario for USD/JPY for the week of November 9–13, 2026, would be invalidated by a decline and a breakout below the 153.25 area. Such a move would signify a breach of support, leading to a further decline toward levels below 151.05. A breakout above the resistance area—confirmed by a price close above 158.75—would signal a breach of the upper boundary of a descending channel and serve as confirmation for further gains in the USD/JPY pair.
USDJPY Weekly Forecast November 9 – 13, 2026 suggests an attempt at a bearish correction, with a test of the support level near the 156.85 area. From there, the pair is expected to resume its upward movement toward levels above 161.45. An additional signal supporting this rise would be a test of the trend line on the Relative Strength Index (RSI) indicator. The bullish scenario would be invalidated if the pair falls and breaks below the 153.25 level; this would signal a continued decline, with a potential target below the 151.05 area.
