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Sep 01 - 04:55 PM

USD/JPY - Uptrend Battles Back, Trend High Retest Signals Close By

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

For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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