Thursday, October 15, 2026

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FxWirePro: Sell USDJPY on rallies around 119.65-70 with SL around 120.20 for the TP of 119/118.55

USD/JPY has broken major trend line support around 119.60 (trend line joining 118.43 and 119.21) and break below confirms short term weakness , decline till 119.20/118.45 in short term. On the higher side minor resistanc…

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

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USD/JPY has broken major trend line support around 119.60 (trend line joining 118.43 and 119.21) and break below confirms short term weakness , decline till 119.20/118.45 in short term.

  • On the higher side minor resistance is around 120.20 and break above would extend gains till 120.70/121 in short term.
  • Short term bullishness only above 120.75. 

It is good to sell on rallies around 119.65-70 with SL around 120.20 for the TP of 119/118.55.

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