Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: USD/JPY recovers from daily lows, retakes 102 handle

USD/JPY bounced-off 101.75 to retake the 102 handle, US dollar staged a solid comeback against its Japanese counterpart over the last hour. Upside finds immediate resistance at 102.08 (20-DMA). Momentum studies are neutr…

By FxWirePro Team
1 min read
FxWirePro: USD/JPY recovers from daily lows, retakes 102 handle
Image from the original EconoTimes article

Read the original article

  • USD/JPY bounced-off 101.75 to retake the 102 handle, US dollar staged a solid comeback against its Japanese counterpart over the last hour.
     
  • Upside finds immediate resistance at 102.08 (20-DMA). Momentum studies are neutral, Techs have a bearish bias.
     
  • Major resistance seen at 102.72 (50-DMA), only decisive break above to see reversal in the bearish trend.
     
  • Major support levels - 101.92 (50% Fib), 101.73 (session low), 101.36 (61.8% Fib)
     
  • Major resistance levels - 102.08 (20-DMA), 102.49 (38.2% Fib), 102.72 (50-DMA)
     
  • Poor US retail sales and PPI data have cemented expectations of stable Fed next week.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-fails-at-major-trendline-resistance-at-10340-good-to-sell-rallies-286108) has hit TP1.
     
  • Downside intact as long as pair holds below 50-DMA at 102.72.
     
  • We recommend holding for targets. 
     

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