Thursday, October 15, 2026

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FxWirePro: USD/JPY faces major resistance around 119.70,good to buy at dips

USD/JPY has recovered after making a low of 118 on Thrusday and is currently trading at 119.54. The pair is facing major trend line resistance at 119.70 (trend line joining 121.22 and 120.56) and any break above target 1…

By Lis Howell
1 min read
FxWirePro: USD/JPY faces major resistance around 119.70,good to buy at dips
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  • USD/JPY has recovered after making a low of 118 on Thrusday  and is currently trading at 119.54.

  •  The pair is facing major trend line resistance at 119.70 (trend line joining 121.22 and 120.56) and any break above target 120.30/121.

  • On the downside minor support is around 119.20 and break below targets 118.60/118.

It is good to buy at dips around 119.45-50 with SL around 119.15 for the TP of 120.30/120.70

 

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