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