By Randolph Donney — Oct 12 - 04:00 PM
USD/JPY uptrend is nearing 2023's Oct. 3 150.165 peak
Clean breakout Thur above dn TL from Oct. 3-6 highs by tenkan & 21-DMA
The Oct. 3 peak has upper 21- and 30-day BBs nearby at 150.17/24
May hamper a run toward 2023's rising channel top, 2022's peak @151.63/94
Daily RSIs rising again after bearish, O/B divergence was corrected
But most O/B wkly RSI since Oct 2022 brings bearish divergence top risk
10-week BB, weekly ATR-projected top at 150.80/1.29 are also hurdles
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary