Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro :Sell USD/JPY on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95

USD/JPY has broken minor trend line support around 119.80 which confirms short term weakness , a decline till 119.50/119.20/118.90 is possible. On the higher side minor resistance is around 120.10 and break above targets…

By Lis Howell
1 min read
EconoTimes — Reading the Times. Understanding the Future.

Read the original article

  • USD/JPY has broken minor trend line support around 119.80 which confirms short term weakness , a decline till 119.50/119.20/118.90 is possible.

  • On the higher side minor resistance is around 120.10 and break above targets 120.35/120.60 level.

  • Short term trend reversal above 120.50.

  • The pair's minor support is around 119.50 (200 day HMA) below which confirms intraday weakness. 

It is good to sell on rallies around 119.80-85 with SL around 120.10 for the TP of 119.20/118.95

 

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