Friday, October 16, 2026

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USD/JPY underpinned by cloud

Outlook is mixed at present, pair has been underpinned by the 118.19-73 cloud Pair weighed by recent close below a rising trendline at 119.43, market capped at 119.41 Thur's large candlestick hammer suggests bullish bias…

By Ian Preston
1 min read
EconoTimes — Reading the Times. Understanding the Future.

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  • Outlook is mixed at present, pair has been underpinned by the 118.19-73 cloud

  • Pair weighed by recent close below a rising trendline at 119.43, market capped at 119.41

  • Thur's large candlestick hammer suggests bullish bias

  • Spot unable to close by the 118.95 level - 50% of 115.85-122.04

 

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By FxWirePro Team