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Nov 03 - 05:55 PM

USD/JPY - Major Bearish Double-Top Signals On Verge Of Confirmation

By Randolph Donney  —  Nov 03 - 03:55 PM
  • Three consecutive black daily candles after failure to reach 2022's peak

  • A close below the daily kijun at 149.52 would target cloud below

  • The daily cloud now spans 143.97-7.78

  • Weekly tenkan and week's lows at 148.83/81 are also pivotal

  • Multi-year double-top eyed if week's close is below prior week's 149.32 low

  • That would be the first lower weekly low in 15 weeks

  • Long upper shadow on the weekly candle is also bearish.

For more click on FXBUZ

Refinitiv IFR Research/Market Commentary


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