USD/JPY -27/8/2023-
• BOJ/FED clear and wide divergence comes in play again reflecting on the exchange rate which closed above 146 on Friday
• There is a steep and intact ascending channel giving the bulls the upper hand currently
• There is no significant resistance level until the yearly highs around 152 and the psychological level at 150
• There is a steep and intact ascending channel giving the bulls the upper hand currently
• There is no significant resistance level until the yearly highs around 152 and the psychological level at 150
Ramzi Abou Abdallah, CFTe, CMT
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