The USD/JPY currency pair is ending the trading week with a correction within a bullish channel near the 157.58 area. Moving averages indicate a bullish trend. Prices have broken upwards through the area between the signal lines, indicating upward pressure from US dollar buyers and potential continued growth from current levels. Currently, we expect an attempt at a bearish price correction and a test of the support level near the 155.65 area. This should then lead to an upward rebound and continued growth above the 166.75 level.
USDJPY Weekly Forecast January 26 – 30, 2026
An additional signal in favor of the USD/JPY pair’s growth this trading week will be a test of the bullish trendline on the relative strength indicator. A second signal will be a rebound from the lower boundary of the bullish channel. A decline and a breakout of the 153.25 area would cancel out the USD/JPY uptrend this trading week (January 26-30, 2026). This would indicate a breakout of the support area and a continuation of the pair’s decline on the Forex market below 150.45. A breakout of the resistance area and a price close above 159.75 would confirm a rally in the USD/JPY pair.
USDJPY Weekly Forecast January 26 – 30, 2026 suggests an attempt at a bearish correction and a test of support near 155.65. From here, we should expect continued growth above 166.75. A test of the trendline on the relative strength indicator (RSI) would be an additional signal of upside. A decline and a break of 153.25 would cancel out the upside scenario. This would indicate continued decline with a potential target below 150.45.
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