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
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Source:
Refinitiv IFR Research/Market Commentary