By Randolph Donney — Sep 19 - 03:40 PM
USD/JPY uptrend up close to the 148 hurdle it's been below for 11 days
Pullbacks have become minute suggesting a breakout is due
A breakout and 148+ close first faces 21- & 30-day BBs at 148.46-51
Broader 161.8% Fibo off July's base is at 149.56
The top of 2023's rising channel is by 150 big figure resistance
Good support is at 147 from recent daily lows
Uptrend intact unless 30-DMA and daily kijun at 146.36/20 are closed below
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary