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Nov 09 - 04:55 PM

USD/JPY - Uptrend Takes Aim At 2023/22 Peak

By Randolph Donney  —  Nov 09 - 02:50 PM
  • USD/JPY rises toward 2023/22 peaks at 151.74/94

  • Pressing upper 30-day BB, past weekly ATR and 10-week BB tops at 151.15/22

  • Hasn't been a weekly close above both of those since March 2022

  • But this and last week's lows supported by 10-WMA and weekly tenkan

  • A close above 152 could target 38.2% of 1982-2011 fall at 152.75

  • 2023's rising channel top is at 153.38 on Friday

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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