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FX.co ★ USD/JPY Forecast for July 29, 2025

USD/JPY Forecast for July 29, 2025

The USD/JPY pair continues its upward movement toward the target level of 149.38, which is signaled by the unclosed gap from July 21. If the price breaks through this resistance, it will open the way to the next target at 151.87 — a level with historical significance dating back to October 2022. This level lies near the upper boundary of the local ascending price channel.

USD/JPY Forecast for July 29, 2025

The Marlin oscillator is rising in positive territory. An alternative scenario appears unlikely, as it would require the pair to drop below 146.29.

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On the four-hour chart, the price has consolidated above the MACD line.

USD/JPY Forecast for July 29, 2025

Currently, the price is retreating while the Marlin oscillator is turning downward. This may indicate a correction or consolidation, with the MACD line (148.22) acting as support. A firm break below this line could deepen the correction down to the 147.53 support, which marks Monday's low.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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