• USD/JPY made 8th day of new highs & lows, but 30-day & 10-wk BBs capped

• But prices are also making their first lower close since Aug. 4

• Daily RSIs are cresting in the 70s creating correction risk

• A close below hourly cloud and 100-HMA at 145.75/60 raises retracement risk

• The 23.6% and 38.2% of the Aug.7-17 141.52-6.565 rise are at 145.37/4.64

• And the 38.2% is by the current 200-HMA location and Aug. 14's 144.65 low

• The basic uptrend is intact unless Wed's 145.31 is closed below

• A daily range above 146.11, 76.4% of 2022-23 drop, is key for next leg up

• Rising channel top from March & June highs is at 148.13 on Friday

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