By Randolph Donney — Aug 28 - 03:45 PM
USD/JPY made minor new 2023 highs at 146.75 on EBS
Other than a daily high at 146.79 from Nov there's little nearby resistance
The upper 30-day Bolli, last at 148.08 is a target and resistance
Uptrend may need to accelerate soon to avoid a bearish RSI divergence
But prices are well above the pivotal 21-DMA, last at 144.62
And trading above the 76.4% of the 151.94-127.22 drop at 146.11
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary