Thursday, October 15, 2026

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USD/JPY sees scope for beyond 121.00

Traders remain long at 119.65 for gains to 121.00 & beyond Tenkan & kijun lines are aligned positively, showing the upside potential Continued trading above the daily cloud is a bullish sign A break & daily close above 1…

By Meredith J C Warren
1 min read
USD/JPY sees scope for beyond 121.00
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  • Traders remain long at 119.65 for gains to 121.00 & beyond

  • Tenkan & kijun lines are aligned positively, showing the upside potential

  • Continued trading above the daily cloud is a bullish sign

  • A break & daily close above 120.34 - falling trend-line - sought by bulls

 

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