Friday, October 16, 2026

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USD/JPY bears looking for a close sub 119.68

Bears are looking for a daily close below the 119.68 level A daily close below 119.68 will expose 118.95 - 50% of 115.85 to 122.04 119.68 - 38.2% retrace of the 115.85 to 122.04 Jan to Mar up-leg Traders stay short at 12…

By Ian Preston
1 min read
USD/JPY bears looking for a close sub 119.68
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  • Bears are looking for a daily close below the 119.68 level

  • A daily close below 119.68 will expose 118.95 - 50% of 115.85 to 122.04

  • 119.68 - 38.2% retrace of the 115.85 to 122.04 Jan to Mar up-leg

  • Traders stay short at 120.50 for losses to 119.05, with trailing stop lowered to 119.90

 

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By FxWirePro Team