2025-7-12 This week's USD/JPY Next week's USD/JPY
【This Week's USD/JPY, Next Week's USD/JPY】
The image below shows ‘Starting from the World’s Smallest: Next-Generation ZigZag’ and ‘Trendline Pro 2’ overlapped.
【Last Weekend】USD/JPY chart image
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【This Weekend】USD/JPY chart image
【Long-Term View】
From a monthly bearish triangle (descending triangle), a break below 140 yen is a scenario that is easy to anticipate.
However, looking at the interval to touch 140 yen on the monthly chart, it seems a bit more time for price patience is needed before the break below occurs.
Perhaps realizing this, perhaps due to unfavorable swaps, selling positions seem to have decreased.
If, after the time-based adjustment, a break below 140 yen cannot be made, there is also a non-zero possibility of a sharp yen depreciation.
This is based on the premise that, on the monthly level, it is still in an uptrend.
【Weekly View】
This week's USD/JPY rose in line with the trend.
Technically, the dip-buying point was in an easy-to-understand pattern.
Next week's USD/JPY is expected to largely stay flat.
Above, there are easily recognized resistance levels such as the daily white line and moving averages (periods: 1 year; monthly: 12, weekly: 52).
If it breaks higher, there is a possibility of momentum on a weekly basis, but since the base is flat, beware of a “give-and-take” situation.
Below, there is room to fall, and a pattern that suggests a downside reversal may be expected with Elliott Wave considerations.
However, since the current trend is up, it is advisable to make judgments after careful assessment.
＊ The white circles and white lines in the reference image were added later.
＊ If the image is small and hard to see, right-click the image and select ‘Open image in new tab’ to view at full size.
＊Preconceptions can be only harmful, so please treat this as just one scenario for reference.
【Announcement】
About ‘Starting from the World’s Smallest: Next-Generation ZigZag’.
A version with two more ZigZags has been completed and is now in the testing phase.
From the current three to five, the price will be raised at the stage of replacement.
The price increase will not affect existing users, so if you are interested, we would be glad if you start using it now.
On a side note, we are considering adding a filter to trend determination.
We would appreciate your continued expectations for a better-evolving trend analysis indicator.
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