By Randolph Donney — Oct 25 - 03:45 PM
USD/JPY up by 2023's 150.165 highs yet again
Uptrend line support off Sep-Oct lows rises to 149.51 on Thur
Pressure builds for new highs
But O/B top risk rises sharply as 2022's 32-yr peak at 151.94 is neared
Daily RSIs have been bearishly diverging since Aug
Weekly RSIs are already O/B at 76
And 10-week Bolli and weekly ATR tops are at 151.08/64
A close below the Sep-Oct up TL & daily kijun @148.73 signals reversal
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary