Thursday, October 15, 2026

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USD/JPY recovers from Daily lows, Cloud base to support

USD/JPY has recovered from day's low by 122.15 in early Asia trade on Monday The pair is currently trading at 122.62 on the day covering up from a gap down open by 122.17 Cloud base by 122.18 to offer strong support on t…

By Jay L. Zagorsky
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • USD/JPY has recovered from day's low by 122.15 in early Asia trade on Monday 

  • The pair is currently trading at 122.62 on the day covering up from a gap down open by 122.17

  • Cloud base by 122.18 to offer strong support on the downside, with resistance likely at 122.86 (20 DMA)

  • Option expiries for NY cut 121.35-40 (900M), 122.00 (515M), 123.00 (1.5BLN) to extend support
Resistance Levels:

R1: 122.86 (20 DMA)

R2: 122.88  (Daily High Jul 7)

R3: 122.93 (Daily High Jul 6)

Support Levels:

S1: 122.37 (50 DMA)

S2: 122.18 (Cloud base)

S3: 122.08  (Tenkan Line)

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By FxWirePro Team