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Apr 19 - 04:55 PM

USD/JPY - Uptrend Stuck Below Key Hurdles, Bearish Doji Risk If Weak On Monday

By Randolph Donney  —  Apr 19 - 03:05 PM
  • USD/JPY highs have clustered slightly below 155 for a 4th straight day

  • Friday's 153.59 low was right at the rising 10-day MA

  • Long shadow on Fri's doji candle, bearish dragonfly risk if fall on Monday

  • The uptrend remains below major 155 figure resistance

  • As well as twin Fibo objectives by 155.20

  • O/B RSIs still being worked off, but yet to bearishly diverge

  • Tenkan and up TL from March-April lows are by 153.18

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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