Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Buy USD/JPY at dips 120.35-40 with SL around 120 for the TP of 121/121.25

USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.47. Intraday trend is bullish as long as resistance 120 holds. The minor resistance is a…

By Lis Howell
1 min read
FxWirePro: Buy USD/JPY at dips 120.35-40 with SL around 120 for the TP of 121/121.25
Image from the original EconoTimes article

Read the original article

  • USD/JPY has broken minor trend line resistance around 120.45 (trend line joining 120.64 and 120.53) and is currently trading at 120.47.

  • Intraday trend is bullish as long as resistance 120 holds.

  • The minor resistance is around 120.65 and any break above targets 121/121.30.

  • On the downside any break below 120 will drag the pair till 119.50/119.20.

It is good to buy at dips 120.35-40 with SL around 120 for the TP of 121/121.25 

 

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team