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Refinitiv
Aug 26 - 04:55 AM

USD/JPY - Cloud Move Could Prove Significant

By Peter Stoneham  —  Aug 26 - 02:40 AM

  • Thursday's close inside the daily cloud could prove significant

  • Dailies continue to pan out sideways with a slight bearish bias

  • Positive 14-day momentum fading and RSI suggesting dollar has seen its best

  • There is a mid-September cloud twist at 133.94-134.01, which could attract

  • Potential weekly Doji also points to bulls losing their way

  • We lean bearish but will wait for stronger signals

    For more click on FXBUZ








Source:
Refinitiv IFR Research/Market Commentary

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