By Randolph Donney — Apr 16 - 03:35 PM
USD/JPY is closing the gap on major resistance at 155.00/20
The 155 figure hurdle is also by the upper 10-wk Bolli
The weekly ATR-projected top is by 155.20
As are two 161.8% Fibo objectives off major 2023 lows
Daily RSIs are the most O/B since 2022, but not bearishly diverging
Top of rising channel off Dec & Mar lows vs Jan & Feb highs is @156.40 Wed
A possible backstop if 155.20 is broken above before a correction
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary