By Randolph Donney — Oct 19 - 04:00 PM
USD/JPY squeezed into ever-smaller ranges below 150 & Oct's 150.165 peak
Key 30-DMA and kijun props are now up at 148.70/59
A close below the kijun needed to undermine the stalled uptrend
The Oct. 3 150.165-147.30 new high and dive to kijun still eyed
That false 150 breakout was capped by 21- & 30-d Bollis
Those bands are now at 150.35/55
Ten-week Bolli and ATR tops are at 150.95/1.37
2022's 32-yr peak is at 151.94, but weekly RSI is already O/B
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary