Friday, October 16, 2026

Technicals

Add as a preferred source on Google

USD/JPY faces strong trend line support at 120.45, a slight jump till 121.30 is possible

USD/JPY is facing strong trend line support around 120.48 (trend line joining 118.05 and 119.60) and break below confirms further weakness, a decline till 120/119.60 is possible. On the higher minor intraday resistance i…

By Lis Howell
1 min read
USD/JPY faces strong trend line support at 120.45, a slight jump till 121.30 is possible
Image from the original EconoTimes article

Read the original article

USD/JPY is facing strong trend line support around 120.48 (trend line joining 118.05 and 119.60) and break below confirms further weakness, a decline till 120/119.60 is possible.

  • On the higher minor intraday resistance is around 120.65 and break above targets 121.10/121.30 level.
     
  • Overall trend reversal only below 119.60. Below 119.60 will drag the pair till 119/118.60.

It is good to buy only above 120.66 with SL around 120.45 for the TP of 121.09/121.50.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team