Friday, October 16, 2026

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USD/JPY slide breaks 200-HMA, hourly Cloud; 123.50 key

USD/JPY nasty intraday slide broke 200-HMA, hourly Cloud & Mon's 123.86 low Oversold hourly rebound since after tiny break of hourly up TrendLine from May 27 at 123.86 No major trend damage unless 23.6% Fibo & May 28 low…

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

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  • USD/JPY nasty intraday slide broke 200-HMA, hourly Cloud & Mon's 123.86 low

  • Oversold hourly rebound since after tiny break of hourly up TrendLine from May 27 at 123.86

  • No major trend damage unless 23.6% Fibo & May 28 low at 123.50 break

  • Failed & overbought 125 breakout overnight leaves some longs scared, fading rallies to exit

  • Derisking across key asset classes today favors an overdue JPY rebound

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By FxWirePro Team