By Randolph Donney — Mar 28 - 02:31 PM
USD/JPY ending seven straight days stuck just below 152
So far, also in the third straight year with sub-152 peaks
Breakout and daily ranges above 152 are needed to resume the uptrend
That as rising 10-DMA, tenkan approach the 151 five-day range base
Minor bearish daily and weekly RSI divergences from 2024's price highs
Major support is at 149.23 from the kijun and cloud top
Big upside breakout could target twin 161.8% Fibos by 155.20.
For more click on FXBUZ
Source:
Refinitiv IFR Research/Market Commentary