By Randolph Donney — Nov 20 - 02:50 PM
USD/JPY retreats after 2023/22's major double-top at 151.92/94
Prices probed 23.6% of July-November rise at 148.32 with 148.10 low on EBS
Below both daily cloud top and lower 30-day BB, 1st time since July's low
But prices not yet O/S and tenkan-kijun bearishly converged above at 150.01
The 21-WMA and 100-DMA at 146.64/54 last eyed on a sub-148 close
Short's 147.50 target is by the Oct. 3 spike low at 147.30.
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary