Friday, October 16, 2026

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USD/JPY retests 122.04

Pair sees scope for gains through 122.04 - 2015 peak Tenkan & kijun lines are aligned positively, highlighting upside potential 122.04 will expose 123.00 psychological level Market found support at 120.58 on Thursday 120…

By Meredith J C Warren
1 min read
USD/JPY retests 122.04
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  • Pair sees scope for gains through 122.04 - 2015 peak

  • Tenkan & kijun lines are aligned positively, highlighting upside potential

  • 122.04 will expose 123.00 psychological level

  • Market found support at 120.58 on Thursday

  • 120.58 - 23.6% retrace of 115.85 to 122.04, January to March rise

 

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By FxWirePro Team