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Oct 23 - 05:55 AM

USD/JPY - Daily Chart Retains Quite A Bullish Tilt

By Martin Miller  —  Oct 23 - 03:50 AM
  • USD/JPY left a huge lower shadow on the Oct 17 candle = downside rejection

  • Positive alignment of the tenkan and kijun lines reinforce the bullish bias

  • As does the fourteen-day momentum reading that remains positive

  • Tech outlook bullish, scope grows for bigger gains to the 2022 151.94 peak

  • EUR/JPY sees a 158.55-159.00 range, according to EBS prices, on Monday

  • Usually better to invest in EUR/JPY than EUR/USD in Oct nL1N3BB0G2

  • USD/JPY Trader TGM2336. Previous update nL1N3BJ0JC

Refinitiv IFR Research/Market Commentary


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