USDJPY rejected at the peak from 3rd October where market went crazy forming this tall candle marking a range that USDJPY needs to break for direction. 150.15 to the upside and 147.30 to the downside. However, if USDJPY is breaking below its rising trendline since the forming of the candle it could be an indication of USDJPY testing the lower band of the range. A close above 150.15 is likely to see USDJPY shooting up to 2022 peak at around 152. RSI has been showing divergence (i.e., imbalance where the strength indicating is declining when instrument is making new higher highs) for the past couple of months ... (full story)