USDJPY Shows Sharp Decline – Wave 3 of Bearish Impulse in Play
Jan 29, 2026

USDJPY

USDJPY is coming down sharply after reaching the January 2025 high resistance within 5th wave. So, it’s not a surprise the market reversed, and with the current strong extension lower looks like wave 3 of a five-wave bearish impulse. So there can be room for more weakness; just be aware of a fourth wave rally, back close to an opened GAP and former wave swing lows and highs at the 154-155 area, which can act as a resistance in days ahead.

USDJPY Shows Sharp Decline – Wave 3 of Bearish Impulse in Play USDJPY 4H Chart
USDJPY 4H Chart

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USDJPY Shows Sharp Decline – Wave 3 of Bearish Impulse in Play

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