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
Source:
Refinitiv IFR Research/Market Commentary