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
Source:
Refinitiv IFR Research/Market Commentary