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Oct 31 - 05:55 PM

USD/JPY - Eyes 2022 Highs, 2023 Channel Top, 155 If Those Are Cleared

By Randolph Donney  —  Oct 31 - 03:45 PM
  • USD/JPY surged almost to 2022's 151.94 peak from 149.03 on Tues

  • That after Mon's breach, but not close, below key kijun at 149.04

  • Kijun is now at 149.51 and below 10-DMA by 150

  • Close above 151.94 and 152 looks key to another leg higher

  • Prices getting closer to 2023's rising channel top, Wed at 152.77

  • The 161.8% Fibo off Jan-Mar 127.215-137.90 base is at 155.19

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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