By Randolph Donney — Aug 31 - 04:10 PM
USD/JPY further from Tuesday's 10-month highs, lowest in 5 days
Getting near 23.6% and 38.2% Fibos at 145.17/14 and rising 21-DMA 145.03
The 21-DMA was very pivotal as support and resistance since late May
A close below it would eye last week's low and 50% Fibo at 144.55/45
Watching bearish daily and weekly RSI divergences
Daily RSIs are already down to neutral levels but still falling
A close below last week's low would lend credence to divergence signals
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Source:
Refinitiv IFR Research/Market Commentary