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Jan 26 - 04:55 PM

USD/JPY - Uptrend Gets Back On Track Toward 149 With Bullish Week

By Randolph Donney  —  Jan 26 - 02:55 PM
  • USD/JPY's Dec-Jan uptrend shows signs of reviving after tenkan test midweek

  • The 10- and 100-DMAs breached 4 straight days, but no closes below them

  • RSIs off O/B Jan highs, turning up

  • May be space to retest 148.80 high or 76.4% Fibo at 149.17

  • That Fibo from the 151.92-140.27 Nov-Dec slide & 32-yr high double-top

  • Bullish long tail on the weekly candle

  • That after last week's surge well above weekly tenkan & kijun

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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