By Randolph Donney — Apr 18 - 04:05 PM
USD/JPY uptrend consolidated for a second day below Tues's 154.79 peak
Also the second day trading inside Tuesday's 153.90-4.79 range
Daily RSIs slightly less O/B, but still high at 79
May take more consolidation to reset and let MAs catch up with prices
155 remains the key psychological hurdle
With M-T 161.8% Fibo targets by 155.20
Not much above there until 2024's up-channel top at 156.64.
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary