Title: USD/JPY Exhibits Fresh Bearish Signals: Technical Analysis for January 29, 2026
Source: Economies.com
Original Author: Economies.com Analysts
Link: https://www.economies.com/forex/usd-jpy-analysis/the-usdjpy-is-showing-new-negative-signals-analysis-29-01-2026-124451
Overview:
On January 29, 2026, analysts from Economies.com reported new bearish technical signals for the USD/JPY currency pair after it registered weaker momentum in recent trading sessions. The earlier bullish rebound seems to be losing strength, and technical indicators now suggest that the pair may shift toward a corrective bearish wave. This comprehensive analysis reviews key charts, indicators, and support and resistance levels that traders should keep in mind when preparing trading strategies for the USD/JPY pair in the short term.
Price Movement Overview:
– The USD/JPY pair opened the session with downside bias, declining from last week’s highs recorded near the 149.00 level.
– A new negative signal is developing as the pair fails to sustain buying pressure above the 148.45 resistance zone.
– This failure to hold higher ground indicates that bearish momentum may begin to dominate the market.
– The pair appears to be forming a short-term descending structure that may point toward further downside movement.
Key Technical Indicators:
The analysis from Economies.com highlights several indicators contributing to the bearish outlook:
1. Stochastic Oscillator
– The stochastic oscillator is currently crossing to the downside.
– It is also positioning in an overbought range, indicating that bulls may be exhausted and bears are likely preparing to take control.
– A downward crossover below the 80 threshold of the stochastic is typically a signal of a declining price trend.
2. Moving Averages
– The 50-period simple moving average (SMA) is turning flat, suggesting weakening upward momentum.
– Prices remain below the 148.45 resistance zone, and any rally is being capped at this level.
– The 20-period SMA is following the pair closely, but its gradual slope points toward a slight potential bearish bias.
3. Candlestick Patterns
– Bearish pressure was observed during the prior trading sessions where longer upper wicks formed on candlesticks, showing rejection from higher prices.
– The formation of a near-term lower high implies potential trend reversal or correction from earlier bullish momentum.
4. Trendlines and Chart Structures
– A short-term descending triangle may be forming, highlighting potential compression before a downward break.
– Lower highs and steady lows emphasize increasing bearish strength with pressure building beneath the 148.00 support level.
Current Price Levels and Zones to Watch:
As of the latest session, the following support and resistance levels are deemed significant based on the chart analysis:
– Immediate Resistance:
– 148.45 is the key immediate resistance level.
– Any breakout and sustained movement above this area could counter bearish pressure temporarily.
– Bulls would need strong momentum and volume to challenge the 149.00 level beyond that.
– Immediate Support:
– 147.60 serves as the primary support level for the session.
– A break below this area would open further downside towards the 146.90 level.
– Breaching 146.90 would confirm a bearish reversal from the recent upswing and potentially lead the pair toward 145.80.
Bearish Scenario (Favored by the Current Analysis):
Economies.com analysts stated that due to the prevailing technical signals, the bearish scenario is favored for near-term trading.
– Expectations of bearish continuation are based on the following signals:
– Failure to break above 148.45 resistance.
– Negative crossover on the stochastic oscillator.
– Absence of bullish candle formations.
– Lower
Explore this further here: USD/JPY trading.