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Oct 27 - 05:55 PM

USD/JPY - Ends Week Very Bearishly, Uptrend Under Some Threat

By Randolph Donney  —  Oct 27 - 03:35 PM
  • USD/JPY closing week on a very bearish note

  • Big black daily candle and pending weekly shooting star sell signals

  • Plus up trendline from Sep-Oct lows at 149.64 breached

  • Close below the TL would eye 30-DMA and key kijun at 149.21/04 last

  • Kijun caught the Oct. 3's 150.165-147.30 plunge

  • No trades below kijun since Aug. 15 140.69 low

  • Daily RSIs bearishly diverging, weeklies O/B and cresting

  • Thur's 2023 high at 150.78 on EBS is by upper 30-day Bolli

  • The upper 10-week Bolli is at 150.93

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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