| Technicals

Become a contributor

Bookmark Econotimes

| Technicals

FxWirePro: USD/CAD downtrend slows, but bearish sentiment remains

FxWirePro: USD/ZAR neutral in the near-term, scope for downward resumption

FxWirePro: USD/JPY catches bid ahead of BoJ meeting

FxWirePro: USD/CNY neutral in the near-term, scope for downward resumption

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro:GBP/NZD recovers ground after early dip, bias bullish

EUR/JPY Holds Bullish Bias Post-ECB Pause: Buy Dips Toward 185 as 182 Support Stands Firm

FxWirePro: GBP/USD recovers slightly from early decline ahead of Bank of England’s interest rate decision

FxWirePro: AUD/USD struggle to extend its recovery,good to sell on rally

FxWirePro: EUR/NZD steadies ahead of ECB meeting

FxWirePro- Major Crypto levels and bias summary

FxWirePro: NZD/USD dips as stronger U.S. dollar offsets NZ Q3 GDP surprise

FxWirePro: EUR/AUD runs out of steam but maintains bullish outlook

FxWirePro: USD/CAD recovers slightly but trend is still bearish

FxWirePro: GBP/USD climbs above 1.34 after BoE's relatively hawkish cut

FxWirePro: EUR/NZD uptrend loses steam but outlook still bullish

GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80

©Econometrics LLC . All Rights Reserved.

USD/JPY breaks minor trend line resistance, targets 121

Tuesday, October 20, 2015 8:42 AM UTC

USD/JPY has broken major trend line resistance around 119.70 (trend line joining 121.22 and 120.51) and this confirms minor trend reversal, a jump till 120.60/121 is possible
On the downside major weakness only below 119.20 and break below targets 118.60.
The pair's minor resistance is around 119.80 and break above targets 120.35/120.50/121.

It is good to buy to buy at dips around 119.60-65 with SL around 119.20 for the TP of 120.30/120.60

Editor's Picks

Breathing through your nose when you exercise may make your runs easier

Entrepreneurs are facing a mental health crisis — here's how to help them

Are fish oil supplements as healthy as we think? And is eating fish better?

Will AI kill our creativity? It could – if we don’t start to value and protect the traits that make us human

Does AI have a right to free speech? Only if it supports our right to free thought

How can I lower my cholesterol? Do supplements work? How about psyllium or probiotics?

Why we need to set limits on sperm donation

Aging with a healthy brain: How lifestyle changes could help prevent up to 40% of dementia cases

Seven techniques to avoid weight regain, approved by experts

Market Data

Grayscale's Bold Call: Bitcoin to Smash All-Time Highs in First Half 2026

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Key Crypto Updates

Tom Lee's BitMine Scoops $140M ETH on Dip, Treasury Swells to Over 3.2% of Supply

FxWirePro- Major Crypto levels and bias summary

FxWirePro- Top Trending Coins (CoinGecko)

GBP/JPY Surges Post-BoE Cut: Bullish Momentum Eyes 210 as Support Holds at 207.80

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

EconoTimes

Disclaimer: EconoTimes provides references and links to selected blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the blogs or other sources of information. Clients and prospects are advised to carefully consider the opinions and analysis offered in the blogs or other information sources in the context of the client or prospect's individual analysis and decision making. None of the blogs or other sources of information is to be considered as constituting a track record. Past performance is no guarantee of future results and EconoTimes specifically advises clients and prospects to carefully review all claims and representations made by advisors, bloggers, money managers and system vendors before investing any funds or opening an account with any Brokerage. Any news, opinions, research, data, or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. EconoTimes expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. As with all such advisory services, past results are never a guarantee of future results.

USD/JPY breaks minor trend line resistance, targets 121

Editor's Picks

Welcome to EconoTimes