
USD/JPY Price Forecast: Aims to extend rally above 160.00
USD/JPY Price Forecast: Aims to extend rally above 160.00
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USD/JPY Price Forecast: Aims to extend rally above 160.00

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The Euro managed to resume the advance to close towards the first target at 1.1620. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue towards 1.1685 and above.

GBPUSD managed to retreat from the 1.3555 resistance as Intraday support remains at 1.3470. As long as the market holds above 1.3470, another advance toward 1.3655 is likely.

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.

Gold managed to hit a rebound towards 4436 before settling lower. As we see from the chart, the Intraday levels show a support trend around 4382, which still holds the chance for another rebound.
![Gold and Silver still bullish on weaker USD – Oil higher on Lebanon and Iran aggression [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787051616-a06d0a223704cf90.webp)
Gold and Silver still bullish on weaker USD – Oil higher on Lebanon and Iran aggression [Video]

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![Gold is stuck in a five day sideways range from 4310 to 4449 [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1787044407-2c7f8626d5e854f5.webp)
Gold is stuck in a five day sideways range from 4310 to 4449 [Video]

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