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28.05.2025 05:08 AM
USD/JPY Forecast for May 28, 2025

Yesterday, the USD/JPY pair posted solid growth—0.90% or 149 pips—on the back of a 0.42% strengthening of the U.S. dollar index. As a result, the price is now trading above the daily balance, and MACD indicator lines, and even the Marlin oscillator has moved into positive territory.

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The price may enter the 145.08–145.91 range, but there is a risk that the breakout above the indicator lines is a false move. If the price drops below 143.45 (reinforced by the MACD line), this would confirm the false breakout and support a decline toward the target support at 141.70, potentially continuing to 139.59.

If the price does enter the 145.08–145.91 range but fails to hold within it, a reversal back to 143.45 is also expected soon after. Only a confirmed breakout above the 145.91 level would open the door to an alternative scenario, implying further growth toward 148.66.

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On the 4-hour chart, the price has slowed down its advance after interacting with the MACD line. The correction reached 38.2% of the latest downward leg, sufficient to complete a corrective phase.

Overall, the pair is in a neutral state, and price action over the next one to two days may consist of sideways or erratic movement without clear directional bias.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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