USD/JPY Price Forecast: The peaks and troughs keep rising
Source Fxstreet
- USD/JPY continues rising in a short and probably medium-term trend higher.
- It is overbought according to RSI, however, and could pull-back to support temporarily.
USD/JPY has been steadily rising since the mid-September 140 lows. It is now in the 149s and appears to have established a short – and probably – medium-term uptrend. Given the premise that “the trend is your friend” the odds favor a continuation higher.
USD/JPY 4-hour Chart
The next target lies at 151.09 and the 200-day Simple Moving Average (SMA) (not shown), followed by the major trendline in the 151.80s.
The pair is overbought, however, according to the Relative Strength Index (RSI) momentum indicator and this means long-holders should not add to their positions as there is a risk of a pull back.
If RSI exists overbought it will signal a correction, probably to support at either 149.40 or 148.32 if deeper.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Bitcoin Cash (BCH) NewsTradingKey - On December 4, 2025, Bitcoin Cash (BCH) led the crypto market, surging over 8% to near $600, pushing its market capitalization into the global top 10. In the past y
EMJ Capital CEO Eric Jackson predicts Bitcoin could hit $50 million by 2041, arguing it will replace the Eurodollar system as the neutral collateral layer for global sovereign debt.
Bitcoin experiences significant volatility, dropping toward $87,000 ahead of a crucial Federal Reserve interest-rate decision.
The AUD/USD pair enters a bullish consolidation phase at the start of a new week and oscillates in a narrow range near its highest level since September 16, touched on Friday.
The crypto market remains unsettled two months after the "October 10" liquidation wave, one of its largest ever. Bitcoin's price has erased all its year-to-date gains, quieting prediction
