The USD/JPY currency pair is ending the trading week with a sharp decline, approaching the 156.67 level. While the moving averages point to an underlying bullish trend, the price has broken below the area between the signal lines, indicating pressure from US Dollar sellers and the potential for a continued decline from current levels. In the near term, we may see an attempt at a rebound to test resistance near 158.65, followed by a downward reversal and a further drop toward levels below 147.65.
USDJPY Weekly Forecast October 26 – 30, 2026
An additional signal supporting a decline in the USD/JPY pair this week would be a rejection from the resistance line on the Relative Strength Index (RSI). A second signal would be a rebound from the lower boundary of a “Head and Shoulders” reversal pattern. The bearish outlook for the USD/JPY pair for the week of October 26–30, 2026, would be invalidated by a strong rally and a breakout above the 160.75 area. Such a move would signify a breach of resistance and a continuation of the pair’s ascent toward levels above 163.55. A decline in the USD/JPY pair will be confirmed if the price breaks through the support area and closes below the 155.35 level.
USDJPY Weekly Forecast October 26 – 30, 2026suggests an attempt at a bullish correction, with a test of the resistance level near 158.65. From there, the pair is expected to resume its decline toward the area below 147.65. An additional signal supporting this downward movement would be a test of the trend line on the Relative Strength Index (RSI) indicator. This bearish scenario would be invalidated by a strong rally that breaks through the 160.75 level; such a move would signal a continued uptrend, with a potential target above the 163.55 area.
