By Randolph Donney — Sep 01 - 03:10 PM
USD/JPY rebounds after retracing 50% of August's rise
Into Friday's close it's close to Thursday's 146.23 high
A close above it would favor a rise to 2023's 147.375 EBS peak
Bearish divergence from daily RSIs on cusp of clearing the divergence line
A bearish weekly divergence sell signal is still pending
Break of 21-DMA was fleeting Friday, now well below at 145.21
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Source:
Refinitiv IFR Research/Market Commentary