Thursday, October 15, 2026

Technicals

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FxWirePro: USDJPY loses momentum but outlook is bullish

USD/JPY has slipped sharply to hit hitting session low at 121.29 and is approaching to test support level located at 121.00. The Japanese yen was favored on Friday as global stocks declined and disappointing US inflation…

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

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  • USD/JPY has slipped sharply to hit hitting session low at 121.29 and is approaching to test support level located at 121.00.
     
  • The Japanese yen was favored on Friday as global stocks declined and disappointing US inflation figures , fueled concerns over the next rate by Federal Reserve.
     
  • However, further decline is set to limited as the strong support at 108.00 is set to hold the bears from declining further below.
     
  • Strong support can be seen at 108.00, a break below this level will expose the pair to next support level at 107.70 levels.
     
  • Major resistance can be seen at 108.95 a break above this level will open the door towards 109.26.

    Resistance Levels

    R1: 108.95 (38.2% Retracement Level)

    R2: 109.26 (23.6% Retracement Level)

    R3: 109.80(23.6% Retracement Level)

    Support Levels

    S1: 108.70 (50 % Retracement Level)

    S2: 108.44 (61.8 % Retracement Level)

    S3: 108.00 (Psychological levels)

 

 

 

 

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By FxWirePro Team