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06.08.2025 05:55 AM
USD/JPY Forecast for August 6, 2025

While the Bank of Japan has loosened its grip, market participants are attempting to follow broader market trends in the USD/JPY pair. They came close to testing the nearest line of the price channel, but Friday's U.S. employment data got in the way.

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However, the market now appears to have recovered and is ready to attempt testing the price channel line again — this time at a higher level, around 152.25. To achieve this, it is crucial to first consolidate above the 149.38 level, which corresponds to the MACD line on the weekly chart.

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If consolidation does not occur, a reversal toward a medium-term decline may take place, with a target at 139.59.

On the four-hour chart, the price is consolidating at the intermediate level of 147.53. With the Marlin oscillator rising, the advantage currently lies with the buyers.

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A breakout above the Kijun-sen line would signal the price's readiness for a difficult battle with the 149.38 level.

If the price consolidates below 146.29, it will engage in an equally intense battle with the daily-scale MACD line and the lower boundary of the price channel to break below it. This lower boundary is located at 144.50.

Summary
Urgency
Analytic
Yuriy Zaycev
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