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
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Source:
Refinitiv IFR Research/Market Commentary