The USD/JPY currency pair is ending the trading week with a strong rise, closing near the 157.33 area. Moving averages indicate a bullish trend. Prices are testing the area between the signal lines, pointing to pressure from US dollar buyers and the potential for continued price growth from current levels. In the immediate term, one should expect an attempt at an upward move and a test of the resistance level near 156.95, followed by a downward rebound and a continued decline of the pair to levels below 149.45.
USDJPY Weekly Forecast September 28 – October 3, 2026
An additional signal favoring a decline in the USD/JPY pair this week is a rebound from the resistance line on the Relative Strength Index (RSI). A second signal is a rebound from the lower boundary of the “Head and Shoulders” reversal pattern. The bullish scenario for USD/JPY for the week of September 28 – October 3, 2026, would be invalidated by a drop and a breakout below the 160.75 area. This scenario would signal a breakout above the resistance zone and a continued rise in the Forex pair toward levels above 165.45. A decline in the USD/JPY pair would be confirmed by a breakout below the support zone and a price close beneath the 155.05 level.
USDJPY Weekly Forecast September 28 – October 3, 2026 anticipates an attempt at a bullish correction and a test of the resistance level near 156.95. From there, the pair is expected to resume its decline toward levels below 149.45. A test of the trend line on the Relative Strength Index (RSI) would serve as an additional signal supporting a downward move. The bearish scenario would be invalidated by a strong rally and a breakout above the 160.75 level, indicating a continued rise with a potential target above the 165.45 zone.
