Thursday, October 15, 2026

Technicals

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FxWirePro: USD/JPY strongly bearish despite upside attempts

USD/JPY pair has declined to trade around 112.41 levels after failing to break resistance at 112.65, Currently the pair is making an attempt to approach the immediate support at 112.26. The pair is expected to decline fu…

By Keith Miller
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/JPY pair has declined to trade around 112.41 levels after failing to break resistance at 112.65, Currently the pair is making an attempt to approach the immediate support at 112.26.
     
  • The pair is expected to decline further towards 112.00 and later towards 111.65 in the short term, as the Japanese yen is set to gain on US dollar on safe heaven bid.
     
  • Strong support can be seen at 112.26, a break below this level will expose the pair to next support level at 112.00.
     
  • Major resistance can be seen at 112.76 (50 % Retracement Level), a break above this level will open the door towards 113.29.

    Resistance Levels

    R1: 112.65 (Daily high)

    R2: 112.76 (50 % Retracement Level)

    R3: 113.29 (61.8 % Retracement Level)

    Support Levels

    S1: 112.26 (38.2 % Retracement Level)

    S2: 112.00 (Psychological levels)

    S3:111.65 (23.6 % Retracement Level)

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By FxWirePro Team