By Randolph Donney — Sep 13 - 03:25 PM
USD/JPY uptrend consolidates below Monday's 2023 high at 147.87
Decent support by 147 from Wed's low, Mon's NY high and 10-DMA
No real threat to the trend while closes are above the 21- & 30-DMAs
Those MAs and kijun support are now at 146.45/67/5.44
Also the 76.4% Fibo of 2022-23's drop at 146.10 on weekly closes
Some bearish daily RSI divergence, but since reset at neutral readings
Next big historical hurdle is at 148.84 on EBS
Prices remain in 2023's rising up-channel, with the top Wed at 149.79
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary