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Oct 19 - 06:55 AM

USD/JPY - Slowing But Continues To Post New Highs

By Peter Stoneham  —  Oct 19 - 05:00 AM

  • The pace maybe slowing but USD/JPY continues to post new highs

  • Brief spike below Monday's low was followed by a new trend high of 149.39

  • Early Wed and the trend extends to 149.48 (EBS)

  • Price continues to push on a daily trend line, today at 149.95

  • Prices also by the 161.8% Fibo off of August's base at 149.52

  • Key support at the daily tenkan, now at 147.02

    For more click on FXBUZ









Source:
Refinitiv IFR Research/Market Commentary

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