Friday, October 16, 2026

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USD/JPY sees resistance around 120.45-62

Pair broke above the kijun, 21-DMA, 50% fibo & dn TL 120.45 = high Tuesday, 120.39 is the high so far 120.62 was 61.8% of 122.04/118.33 move is the next bull target Long target is seen at the 122.04 trend high. Stop wide…

By Ian Preston
1 min read
USD/JPY sees resistance around 120.45-62
Image from the original EconoTimes article

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  • Pair broke above the kijun, 21-DMA, 50% fibo & dn TL

  • 120.45 = high Tuesday, 120.39 is the high so far

  • 120.62 was 61.8% of 122.04/118.33 move is the next bull target

  • Long target is seen at the 122.04 trend high. Stop wide, move up on break of 120.62 

 

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