By Randolph Donney — Nov 06 - 02:40 PM
USD/JPY slide last week ended with 1st sub-daily kijun close since July
But prices rebounded before reaching last week's 148.81 low on EBS
Bigger risk is that 2023/22 highs at 151.74/94 mark a double-top
Need a weekly close below weekly tenkan at 148.82 to confirm a reversal
Nov. 2 high by 151 and upper 30-d Bolli is key resistance
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary