2025-7-19 This week's USD/JPY Next week's USD/JPY
【This Week's USD/JPY and Next Week's USD/JPY】
The image below shows ‘TrendLine Pro 2’ and ‘Next-generation ZigZag starting from the world’s smallest’ overlaid.
USD/JPY Chart Image【Last Week】
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USD/JPY Chart Image【This Week】
【Long-term View】
From a bearish triangle on the monthly chart (descending triangle), a downside break below 140 is a readily conscious possibility.
However, looking at the interval to touch 140 on the monthly chart, it seems more time is needed for a downside break.
After a temporary rally, it is natural to test the downside again.
Noticing this, perhaps due to the swaps being tight, selling positions seem to be decreasing.
If, after a period of consolidation, a downside break below 140 is not possible, there is still a non-zero possibility of a strong yen weakness (JPY depreciation) movement.
As a premise, at the monthly chart level we are in the middle of an uptrend.
【Weekly View】
This WeekThe USD/JPY moved in an uptrend-aligned manner with a sideways range, fluctuating up and down.
Nevertheless, in the first half of the week volatility was high, and technically easy to understand.
Next WeekSince it did not drop this week, the uptrend is expected to continue, and it may try higher.
If it makes a new recent high in the early part of the week, it may be a good buying signal.
UpperThere is a white line added on the weekly chart as a commonly watched resistance.
If it rises to the white line, it may become easier to target a downside break of 140 yen, so selling may be triggered.
LowerThere is room to fall, but since we are in an uptrend, first watch whether the white line on the 4-hour chart breaches downward.
A sharp drop could occur due to statements from key figures supporting a stronger dollar.
However, the sense of horizontal movement on the weekly and daily levels has been fading, so it seems less likely to see a continued decline next week.
＊ The white circles and lines in the reference image were added later.
＊ If the image is too small to see clearly, right-click the image and choose 'Open image in new tab' to view at full size.
＊Preconceptions are harmful, so please view this as just one scenario for reference.
【Announcement】
Regarding ‘Next-generation ZigZag starting from the world’s smallest’
ZigZag has been expanded to the world’s smallest ZigZag 5 with two more ZigZags, and has entered the testing phase.
From the current 3 to 5 replacement, the price will be raised by one level.
The price increase will not affect existing users, so if you’re interested, please start using it now.
By the way, we are considering adding a filter to trend determination.
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