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Oct 19 - 05:55 PM

USD/JPY - Ranges Tighten Below Key 150, 2023 High Hurdles, Kijun Key Below

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

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