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Oct 23 - 05:55 PM

USD/JPY - Capped By 2023'S Peak, Trend Is Up While Above Kijun Support

By Randolph Donney  —  Oct 23 - 03:10 PM
  • USD/JPY uptrend again falters, Monday at 150.14 vs 2023's 150.165 peak

  • But uptrend remains supported by the rising tenkan, kijun and cloud

  • The kijun at 148.73 is key, having caught Oct's pullbacks

  • It's also by last week's 148.75 low on EBS

  • Been bearish divergences of RSI vs new price highs since Aug

  • But uptrend made significant gains since Aug's high

  • O/B weekly RSIs are drifting bearishly lower

  • That makes a rise to 2022's 151.94 peak look less likely

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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