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Mar 09 - 04:55 PM

USD/JPY - Uptrend Looking Wobbly, But Week's 135.375 Low Is Key On Close

By Randolph Donney  —  Mar 09 - 03:00 PM

  • Pending first close below tenkan, 136.575 on EBS, since Feb. 2's 128.715

  • Failed breakout Wed beyond the 200-DMA & Dec. 20 top at 137.45-465 on EBS

  • Also pending bearish divergence from o/b daily RSIs testing the uptrend

  • Close below week's 135.375 low & 23.6% of 2023's rise key for a reversal

  • Secondary confirmation would be a close below the 21-DMA, last at 134.95

For more click on FXBUZ


Source:
Refinitiv IFR Research/Market Commentary

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