Thursday, October 15, 2026

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FxWirePro: USD/JPY faces strong support at 119.20, good to buy at dips

USD/JPY has broken minor channel support 12005 and declined till 119.37. It is currently trading at 119.44. The pair's major trend line support is around 119.20 and any break below will target 118.60. On the higher side …

By Lis Howell
1 min read
FxWirePro: USD/JPY faces strong support at 119.20, good to buy at dips
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USD/JPY has broken minor channel support 12005 and declined till 119.37. It is currently trading at 119.44.

  • The pair's major trend line support is around 119.20 and any break below will target 118.60.
     
  • On the higher side minor resistance is around 119.80 and any break above would extend gains till 120.15/120.35

It is good to buy at dips around 119.25-30 with SL around 118.60 for the TP of 120.30/120.70

 

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By FxWirePro Team