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Dec 10 - 01:55 PM

USD/JPY - Rally Sellers Lean Against The 30-DMA Again

By Christopher Romano  —  Dec 10 - 12:21 PM
  • USD/JPY rallies toward or above the 30-DMA have been rejected or short lived

  • 30-DMA caps gains again Friday & in line US CPI drives rates, US$ lower

  • USD/JPY gains get erased after CPI, daily inverted hammer forms

  • Daily RSI is falling, daily cloud top & 10-DMA get pierced

  • Rising monthly RSI, monthly doji candle counter bearish daily tech signs

  • USD/JPY shorts need break of support near 112.50/55 for greater control

  • For more click on FXBUZ

usdjpy Click here

Refinitiv IFR Research/Market Commentary


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