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Aug 24 - 05:55 PM

USD/JPY - Gets Needed Correction, Now Eyes August's 2023 Highs

By Randolph Donney  —  Aug 24 - 03:40 PM
  • USD/JPY rebounds from Wed's 144.55 low & 23.6% Fibo of 138.05-46.565 rise

  • That low looks like a C-Wave bottom of an ABC correction from Aug's highs

  • A bullish engulfing candle Thur if it closes above 145.845

  • Previously O/B RSIs rising again from midrange

  • Breakout to new 2023 highs has upper Bollis now by 147.75

  • Top of 2023's rising channel is at 148.57 on Friday

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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