By Randolph Donney — May 04 - 04:00 PM
USD/JPY's 3% three-day slide to 133.50 found support by the 30-DMA at 133.48
Late recovery got it back by the 21-DMA and daily kijun at 134.16/21
Thursday's 134.88 high on EBS is by the cresting 10-DMA
A bearish bias persists unless the 10-DMA is closed above
A sub-kijun close would signal further retracement of 129.645-37.78 advance
That the March-May rise that was roundly rejected by March's trend highs
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Source:
Refinitiv IFR Research/Market Commentary