USD/JPY analysis

Source: Dukascopy Bank SA
USD/JPY remains bullish on the 10-minute chart, moving inside a clear ascending channel with higher highs and higher lows. Price is currently around 154.50, pulling back after being rejected near the channel top at 154.83.





This pullback is testing the 40-period SMA, a key support level that has previously led to bounces. If price holds above this SMA and stabilizes near the channel's midpoint, a move back toward 154.83 is likely, with 155.00 as the next upside target. However, if price breaks below the 40-SMA and 154.45 support, short-term momentum could turn bearish, opening the way toward 154.25 (lower channel support) and possibly 154.00.
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Wed, 28 Jan 2026 11:08:17 GMT

GBP/USD Technical analysis

GBP/USD is in a corrective phase after a strong upward move. The price peaked near 1.3855 and has been forming lower highs, showing that buying pressure is slowing. Currently, the price is around 1.37820, interacting closely with the 90-period simple moving average, which is acting as support and resistance. This suggests the market is indecisive or consolidating. Using Fibonacci retracement

Mon, 26 Jan 2026 13:30:06 GMT

USD/JPY Technical analysis

USD/JPY is showing a sharp bearish reversal following a prolonged bullish advance. The pair topped out just below the 160.00 psychological level, failing ahead of the 162.13 resistance, and was met with a decisive rejection. A large bearish engulfing-style daily candle has erased several weeks of gains in only a few sessions, indicating a meaningful shift in market sentiment. Price

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