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Aug 09 - 05:55 AM

USD/JPY - Recovery Stalling Ahead Of 10-Day Moving Average

By Peter Stoneham  —  Aug 09 - 04:35 AM
  • Three-day USD/JPY recovery stalling ahead of 10-day moving average, 148.22

  • A 38.2% Fibo level above the 10DMA at 149.43: taken off 161.96-141.68-EBS

  • Underlying bear trend remains alive whiles the USD is below the 10DMA

  • Daily RSI is over sold but moving out sideways

  • Weekly charts more constructive with a potential hammer candle

  • Price also above both weekly cloud and 100-week moving average

  • USD/JPY Trader TGM2336

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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