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Aug 28 - 05:55 PM

USD/JPY - Made New 2023 Highs, Awaits Next Bullish Push Toward 148

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

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