Friday, October 16, 2026

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FxWirePro: USD/JPY struggles at 20-day MA, bias higher, stay long

USD/JPY is extending grind higher, but upside seen struggling to extend gains beyond 20-DMA. Markets saw a 60 pip spike in the pair in the last hour, specific catalyst not clear. Spike was quickly faded but intraday bias…

By FxWirePro Team
1 min read
FxWirePro: USD/JPY struggles at 20-day MA, bias higher, stay long
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  • USD/JPY is extending grind higher, but upside seen struggling to extend gains beyond 20-DMA.
     
  • Markets saw a 60 pip spike in the pair in the last hour, specific catalyst not clear.
     
  • Spike was quickly faded but intraday bias still remains higher.
     
  • Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-intraday-bias-higher-good-to-go-long-on-dips-324015) has hit TP1.
     
  • Major support levels - 101, 100.95 (10-DMA), 100.78 (5-DMA), 100.65 (Sept 29 low)
     
  • Major resistance levels - 101.64 (20-DMA), 102, 102.15 (trendline)
     
  • We recommend booking partial profits, hold for upside.
     
  • Bullish invalidation below 100 handle. Violation there could see test of 99.54 and then 98.78 levels.
     

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By FxWirePro Team