The approach to this question would be with Euler-Bernoulli beam theory, which in your case simply says that the beam's vertical deflection $z(x)$ satisfies the equation
$$EI \frac{d^4 z}{dx^4}= \lambda g$$
where $\lambda$ is the linear density of the wire, $E$ is the wire's Young Modulus, and $I$ is the second moment of area. For a circular wire of radius $R$, you have $I=\frac{\pi}{2}R^4$ and $\lambda = \pi R^2 \rho$ where $\rho$ is the volume density. Plugging that to the equation yields
$$\frac{E R^2}{2 \rho g}\frac{d^4 z}{dx^4}= 1 $$
Solving this equation with the right boundary conditions gives
$$z(x)=\frac{\rho g}{12 E R^2}x^2\left(x^2-6 L^2 \right) $$
and therefore the deflection at $x=L$ is $$z(x=\pm L)=-\frac{5 L^4 \rho g}{12 E R^2}$$
I don't know what do you mean by tensile strength, but I suspect that it is not enough in order to determine $E$. Instead, if you take $E=200\times 10^9 N/m^2$ from wikipedia and $\rho=8000 kg/m^3$ (also from wikipedia) and plug that all in, you'll have ~1m for the 1.20mm thick wire and 60cm for the 1.50mm thick wire.
Edit: I forgot to carry $g$ in my answer, and therefore my previous answer was wrong by a factor of $g$. I now updated the values, which are large compared to the length of the wire. This makes the beam-equation inaccurate, and one should solve the problem without assuming small deflections. It is possible, and my (new) answer gives a fair estimation of the result.