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Aug 22 - 04:55 PM

USD/JPY - Risk Of A Correction Is Growing

By Christopher Romano  —  Aug 22 - 02:50 PM
  • USD/JPY dip buyers are aggressive & up trend remain intact

  • Rally hits 1-month high & top of rising channel on daily chart

  • Monthly RSI deeply overbought, daily RSI nearing overbought

  • Techs suggest risk of a correction in this rally is growing

  • Correction to 10-DMA or daily cloud base wouldn't end up trend

  • For more click on FXBUZ





Source:
Refinitiv IFR Research/Market Commentary

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