The technical picture shows the pair trading within a corrective channel from the August 5 lows, now at 147.05. A successful break of that level would highlight a bearish flag, which would be confirmed below August 7 and 8 lows, at 146.75.
Further down, the next bearish target is at the July 25 low of 145.85. The Berarish Flag’s measured target is the 78.6% Fibonacci retracement of July’s bullish cycle, at 144.50.
To the upside, immediate resistance is at the intraday high of 148.10, ahead of Tuesday’s peak, at 148,50, and the top of the mentioned bullish channel, now at 148.60.USD/JPY Price Forecast: US Dollar is nearing a key support area at 147.00
The technical picture shows the pair trading within a corrective channel from the August 5 lows, now at 147.05. A successful break of that level would highlight a bearish flag, which would be confirmed below August 7 and 8 lows, at 146.75.
Further down, the next bearish target is at the July 25 low of 145.85. The Berarish Flag’s measured target is the 78.6% Fibonacci retracement of July’s bullish cycle, at 144.50.
To the upside, immediate resistance is at the intraday high of 148.10, ahead of Tuesday’s peak, at 148,50, and the top of the mentioned bullish channel, now at 148.60.Publication date:
2025-08-13 11:32:53 (GMT)
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