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Oct 30 - 05:55 PM

USD/JPY - Uptrend Is On The Cusp Of Biggest Sells Signals Since July

By Randolph Donney  —  Oct 30 - 03:55 PM
  • USD/JPY breached the kijun support at 149.04 for 1st time since Aug. 1

  • A close below it would target the cloud top at 147.46

  • Oct. 3's 150.165-147.30 flash crash was caught by the kijun there

  • Also watching for a first sub-30-DMA close since Aug, last at 149.26

  • The lower 30-day Bolli caught July's 137.245 trough on EBS

  • And Aug, Sept & Oct highs were all by the upper 30-day Bolli

  • A daily range above the tenkan at 149.80 is needed to bolster the uptrend

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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