By Randolph Donney — Sep 18 - 03:00 PM
USD/JPY uptrend remains stuck below 148 for a 10th day
Bias remains bullish, but a 148+ close needed to begin next leg higher
The upper 21- and 30-day Bollis are near 148.50
The 161.8% Fibo off July's base is at 149.56
Upper 10-wk Bolli and 2023's rising channel top are by 150
Increased risk of a correction if resistance by 150 caps new 2023 highs
Last Thur and Wed's lows and tenkan at 147.02/6.93 are nearby props
Key supports are 30-DMA and kijun, last at 146.22/20.
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Source:
Refinitiv IFR Research/Market Commentary