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Oct 11 - 05:55 PM

USD/JPY's Uptrend Props Holding, 150-Plus Close Key To Bigger Gains

By Randolph Donney  —  Oct 11 - 03:35 PM
  • Uptrend uses rising kijun (148.04) as support for second straight week

  • Prices also unable to close below rising 21-DMA since July, 148.62 last

  • Oct peak at 150.165 by the upper 21-, 30-day Bollis eyed next

  • RSIs rising again after resetting bearish O/B divergence

  • A 150+ close looks key to test 2023's channel top, 2022's 151.94 peak

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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