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Sep 13 - 05:55 PM

USD/JPY - Uptrend Regroups Above Supports, 2023'S Upchannel Top Now Near 150

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

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