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USDJPY Technical Analysis – 30th JAN, 2026
USDJPY - On 30th January 2026, USD/JPY advanced to a high of 154.75
USD/JPY Technical Analysis – 30th January 2026
On 30th January 2026, USD/JPY advanced to a high of 154.75, a level that underscored the strength of its ongoing bullish trajectory but simultaneously highlighted the presence of firm supply near the 154.80 psychological barrier. The candle structure was wide ranged with a pronounced upper wick, reflecting how buyers initially drove momentum but were met with resistance as sellers re entered to cap the advance. This rejection suggested that while the broader trend remained constructive, intraday enthusiasm was beginning to fade as the market approached overhead resistance.
On the daily chart, the short term structure remained supportive, with the 20 day moving average positioned around 153.90, cushioning the advance. The 50 day average, rising from 152.40, reinforced medium term bullish momentum, while the 200 day average at 149.95 confirmed the longer term uptrend. Momentum indicators hinted at caution: RSI readings hovered near 70, edging into overbought territory, while MACD values were positive but beginning to flatten, suggesting that upside strength was losing intensity.
Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators climbed into the upper 80s, flashing overbought signals. Price stalled as sellers defended the 154.70–154.80 band, while immediate support was layered at 153.90 and 153.40. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.
The weekly perspective provided broader context. Since the September 2025 trough near 147.50, USD/JPY has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 1.55 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 160.25 to the September low at 147.50 highlighted key checkpoints: 38.2% at 152.40, 50% at 153.90, and 61.8% at 155.40. The 154.75 high aligned closely with the midpoint between the 50% and 61.8% retracement zones, underscoring its importance as a resistance area where sellers were expected to regroup.
Sentiment at this juncture was shaped by the tension between short term overextension and longer term bullish conviction. Institutional flows appeared to fade near the 154.80 barrier, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 153.90 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.
Looking forward, continuation of the rally requires a clean break above 154.80, which would open the path toward 155.40 and eventually 160.25, aligning with prior swing highs. Conversely, a slip back below 153.90 would expose the pair to corrective pressure toward 153.40 and 152.40, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 153.90 and 154.80 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.
In summary, USD/JPY’s climb to 154.75 on 30th January 2026 was not a clean breakout but rather a reaffirmation of overhead resistance. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with sellers defending supply and buyers awaiting confirmation for the next leg higher.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
USDJPY - On 30th January 2026, USD/JPY advanced to a high of 154.75
USD/JPY Technical Analysis – 30th January 2026
On 30th January 2026, USD/JPY advanced to a high of 154.75, a level that underscored the strength of its ongoing bullish trajectory but simultaneously highlighted the presence of firm supply near the 154.80 psychological barrier. The candle structure was wide ranged with a pronounced upper wick, reflecting how buyers initially drove momentum but were met with resistance as sellers re entered to cap the advance. This rejection suggested that while the broader trend remained constructive, intraday enthusiasm was beginning to fade as the market approached overhead resistance.
On the daily chart, the short term structure remained supportive, with the 20 day moving average positioned around 153.90, cushioning the advance. The 50 day average, rising from 152.40, reinforced medium term bullish momentum, while the 200 day average at 149.95 confirmed the longer term uptrend. Momentum indicators hinted at caution: RSI readings hovered near 70, edging into overbought territory, while MACD values were positive but beginning to flatten, suggesting that upside strength was losing intensity.
Intraday dynamics on the four hour chart revealed stretched conditions. Stochastic oscillators climbed into the upper 80s, flashing overbought signals. Price stalled as sellers defended the 154.70–154.80 band, while immediate support was layered at 153.90 and 153.40. Volatility compressed into a narrowing corridor, often a precursor to breakout attempts, but the balance of flows suggested hesitation rather than conviction.
The weekly perspective provided broader context. Since the September 2025 trough near 147.50, USD/JPY has carved a rising channel, with successive higher lows confirming the resilience of the bullish framework. Average True Range readings around 1.55 reflected controlled but directional swings. Fibonacci retracement mapping from the July 2025 peak at 160.25 to the September low at 147.50 highlighted key checkpoints: 38.2% at 152.40, 50% at 153.90, and 61.8% at 155.40. The 154.75 high aligned closely with the midpoint between the 50% and 61.8% retracement zones, underscoring its importance as a resistance area where sellers were expected to regroup.
Sentiment at this juncture was shaped by the tension between short term overextension and longer term bullish conviction. Institutional flows appeared to fade near the 154.80 barrier, while retail positioning remained cautious given the proximity to stretched oscillator readings. The ability of the pair to sustain above 153.90 was critical, as holding this level would preserve the bullish narrative and invite renewed buying interest.
Looking forward, continuation of the rally requires a clean break above 154.80, which would open the path toward 155.40 and eventually 160.25, aligning with prior swing highs. Conversely, a slip back below 153.90 would expose the pair to corrective pressure toward 153.40 and 152.40, levels that coincide with retracement support and medium term averages. Until a decisive breakout occurs, range bound trading between 153.90 and 154.80 is likely to dominate, offering tactical opportunities for short term traders while the broader uptrend remains intact.
In summary, USD/JPY’s climb to 154.75 on 30th January 2026 was not a clean breakout but rather a reaffirmation of overhead resistance. The interplay of moving averages, Fibonacci retracement, and momentum signals pointed to a market pausing at a critical juncture, with sellers defending supply and buyers awaiting confirmation for the next leg higher.
#fxopen #forex #forexanalysis
Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.
For in-depth analysis, please check ...
