Price has over‑extended into multi‑month supply at 148.00 just as 4‑h momentum diverges. A softer CPI print or fresh MoF jaw‑boning could trigger a quick flush back toward 146.20/145.00.
Price has stretched >3‑σ above 20‑DMA and is stalling just under the 2014 trend‑line extension. 61.8 % Mar‑Apr retrace (146.85) already satisfied; momentum divergence on 4‑h RSI & Fed‑CPI risk favor mean‑reversion. Any softer US CPI print or verbal jawboning from Japanese authorities could accelerate a squeeze lower.
Price has stretched >3‑σ above 20‑DMA and is stalling just under the 2014 trend‑line extension. 61.8 % Mar‑Apr retrace (146.85) already satisfied; momentum divergence on 4‑h RSI & Fed‑CPI risk favor mean‑reversion. Any softer US CPI print or verbal jawboning from Japanese authorities could accelerate a squeeze lower.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.