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Aug 01 - 04:55 PM

USD/JPY - On Track To Revisit June's 2023 Peak, Support Is By 142

By Randolph Donney  —  Aug 01 - 03:10 PM
  • USD/JPY on track to test June's 145.07 peak on EBS

  • A close above the 76.4% of the June-July dive at 143.22 would back that

  • Some rsst from the dn TL off 2022-23 highs, Wed at 144.26 by July 7 high

  • Tenkan's about to cross bullishly above kijun, prices well above the cloud

  • Upper 21-day BB is by June's highs, RSI climbing and not overbought yet

  • Pullback toward support near 142 a buy before a June high retest

  • A false breakout could create bearish divergence top risk

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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