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Oct 09 - 04:55 PM

USD/JPY's July-October Rise Threatening 21-Day MA On-Close Support Again

By Randolph Donney  —  Oct 09 - 03:40 PM
  • USD/JPY probing 21-DMA support for 3rd straight day, last at 148.41

  • Prices haven't closed below that line since July

  • The rising kijun and 30-DMA at 148.04/7.92 more pivotal on a closing basis

  • If broken, Oct's low and weekly tenkan at 147.30 are the next supports

  • A daily range above the 10-DMA & Mon's 149.23 high needed to boost uptrend

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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