Thursday, October 15, 2026

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USD/JPY breaks minor channel support at 120.05, targets 119.25

USD/JPY is facing minor channel support around 120.05 and any break below confirms intraday weakness, a decline till 119.20 is possible. Intraday bullishness only above 120.35 level. Any break above 120.35 will take the …

By Lis Howell
1 min read
USD/JPY breaks minor channel support at 120.05, targets 119.25
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USD/JPY is facing minor channel support around 120.05 and any break below confirms intraday weakness, a decline till 119.20 is possible.

  • Intraday bullishness only above 120.35 level.
     
  • Any break above 120.35 will take the pair till 120.70/121/121.30.
     
  • On the downside minor support is around 119.80 and break below targets 119.50/119.20.

It is good to sell below 120.05-120.10 with SL around 120.35 for TP of 119.25.

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