Thursday, October 15, 2026

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FxWirePro: USD/JPY fails to extend gains above 103 handle, tests channel base support at 102.52

USD/JPY halts Wednesday's recovery, fails to extend gains beyond 103 handle. The pair has reversed gains with a slight deterioration in global risk sentiment. Downside has briefly slipped below 1H channel base support at…

By FxWire Pro
1 min read
FxWirePro: USD/JPY fails to extend gains above 103 handle, tests channel base support at 102.52
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  • USD/JPY halts Wednesday's recovery, fails to extend gains beyond 103 handle.
     
  • The pair has reversed gains with a slight deterioration in global risk sentiment.
     
  • Downside has briefly slipped below 1H channel base support at 102.52 to hit session lows of 102.46.
     
  • The pair is currently trading at around 102.60 levels, holding above channel base. Weakness only on breaks below.
     
  • Resistance on the flipside is seen at 103, 103.56 (10-DMA) and then 104.
     
  • Techs on daily charts are inconclusive, we prefer to remain on the sidelines for now.
     

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