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Oct 04 - 03:55 AM

USD/JPY's Wild Price Action Points To Even Bigger Tech Gains

By Martin Miller  —  Oct 04 - 03:15 AM
  • USD/JPY left a huge lower shadow on Tuesday's candlestick line

  • Tuesday's wild price action highlights a rejection of the downside

  • Technical outlook still bullish, scope for bigger gains to 2022 151.94 peak

  • Positive alignment of the tenkan and kijun lines adds to the upside bias

  • As does fourteen-day momentum that remains positive

  • EUR/JPY sees a 158.98-156.25 range, according to EBS prices, on Wednesday

  • USD/JPY Trader TGM2336. Previous update nL2N3B824L

Refinitiv IFR Research/Market Commentary


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