By Randolph Donney — Oct 10 - 03:20 PM
USD/JPY uptrend still consolidating above the daily kijun, now at 148.04
Kijun also caught last week's 150.165-147.30 dive on EBS
Uptrend is intact unless kijun is closed below
Prices have been above the kijun since July
Last two kijun breaks saw cloud tested well below, top at 145.40 now
Three of last 4 days' highs capped by the 10-DMA, now at 149.13
Daily range above the 10-DMA would put focus back on the 150.165 peak
Daily momentum is now negative, so support boost is needed soon
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary