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Oct 25 - 05:55 PM

USD/JPY - May Not Be The End Of USD/JPY's Uptrend, But You Can See It From Here

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

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