Thursday, October 15, 2026

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USD/JPY fails to sustain above 113.00, likely to consolidate below 115.26

Pair is currently trading at 112.75 levels. It made intraday high at 113.22 and low at 112.56 levels. Pair fails to sustain above 113.00 levels and likely to consolidate below 115.26 marks. Intraday bias remains bearish …

By Earlence Fernandes
1 min read
USD/JPY fails to sustain above 113.00, likely to consolidate below 115.26
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  • Pair is currently trading at 112.75 levels.
     
  • It made intraday high at 113.22 and low at 112.56 levels.
     
  • Pair fails to sustain above 113.00 levels and likely to consolidate below 115.26 marks.
     
  • Intraday bias remains bearish for the moment.
     
  • Alternatively, daily close below 110.98 levels will take the parity around key support at 106.19 levels.
     
  • Later today US will publish GDP data, which will drive the parity to the either directions.

We prefer to take long position in USD/JPY around 112.60, stop loss 111.04 and target 114.26 levels.

 

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