Friday, October 16, 2026

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USD/JPY may test the tankan line at 124.16 levels

Support levels at 122.87, 76.4% retrace of the 122.46 to 124.19 Tenkan & kijun lines is positively aligned A daily close above 124.16 needed to accelerate further 126.00 levels

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

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  • Support levels at 122.87, 76.4% retrace of the 122.46 to 124.19

  • Tenkan & kijun lines is positively aligned

  • A daily close above 124.16 needed to accelerate further 126.00 levels

 

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