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