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A recent technical analysis of the USD/JPY pair indicates the start of a significant corrective phase following a long period of gains. According to ActionForex, the currency pair has concluded the long-term upward cycle that originated from the April 22, 2025 low. This larger-magnitude correction was triggered following the price peak reached on January 14, 2026, signaling a shift in market momentum. The current downward movement is following a zigzag Elliott Wave structure, with wave (A) already confirmed as completed. This technical shift suggests a potential trend reversal or a substantial pullback for the pair, which typically encourages short-term selling. Market participants are now closely monitoring key support levels as the corrective wave pattern continues to unfold.
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