Friday, October 16, 2026

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USD/JPY likely to test 118.85

Pair seen sub 119.00 and test of 118.85 - 100 DMA expected Test of 118.85 100-DMA maybe only a matter of time, not below since Aug 8 Bailing JPY long position vs AUD, NZD Selling pressure in AUD/JPY and NZD/JPY amongst t…

By Earlence Fernandes
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Pair seen sub 119.00 and test of 118.85 - 100 DMA expected

  • Test of 118.85 100-DMA maybe only a matter of time, not below since Aug 8

  • Bailing JPY long position vs AUD, NZD

  • Selling pressure in AUD/JPY and NZD/JPY amongst the hardest hit

  • EUR/JPY hit hard, off from 131.10 to 130.59

  • USDJPY sub118.85 suggests move into 118.19-73 as per Ichimoku cloud.

 

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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