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Oct 24 - 05:55 AM

USD/JPY's Daily Chart Remains Bullish Despite The Minor Setback

By Martin Miller  —  Oct 24 - 03:45 AM
  • USD/JPY left a huge lower shadow on the Oct 17 candle = downside rejection

  • Positive alignment of the tenkan and kijun lines reinforce the bullish bias

  • As does the fourteen-day momentum reading that remains positive

  • Tech outlook bullish, scope grows for bigger gains to the 2022 151.94 peak

  • That despite the setback at the start of this week

  • EUR/JPY sees a 159.31-159.90 range, according to EBS prices, on Tuesday

  • USD/JPY Trader TGM2336. Previous update nL1N3BT0HL

Refinitiv IFR Research/Market Commentary


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