Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: Greenback broadly supported, pushes USD/JPY to fresh 6-week highs

USD bulls remained broadly supported by increased expectations for a US rate hike before the year end Federal Reserve Official Bullard on Monday stated that he is expecting rate-hike in Sept FOMC USD/JPY hit fresh 6-week…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • USD bulls remained broadly supported by increased expectations for a US rate hike before the year end 

  • Federal Reserve Official Bullard on Monday stated that he is expecting rate-hike in Sept FOMC 

  • USD/JPY hit fresh 6-week highs near 124.50 after brief consolidation in Asia post holiday trading, markets shrugged off BOJ rhetoric 

  • The pair has entered major resistance zone at 124.38-73, cluster of rebound highs in June 

  • USD/JPY is currently trading at 124.40, breaks beyond 124.73 could take the pair to 125.85 (June 5th highs)
Resistance Levels: 

R1: 124.57 (76.4% Fibo 125.86-120.41)

R2: 124.63 (Daily High Jun 10)

R3: 124.74 (Daily High Jun 9)

Support Levels:

S1: 124.00 (Jul 20 low)

S2: 123.92 (Daily Low Jul 17)

S3: 123.74 (Daily Low Jul 16)

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