USDJPY forming triangle pattern testing 145.30 key support but RSI still bullish
EURUSD in short-term rising trend. Will it test key resistance at 1.02?
Dollar Index in a down trend testing medium-term rising trendline
USDJPY is once again testing support at 145.30A break and close below is likely to push USDJPY to test key support at 140.25. It seems to have formed a descending like pattern. Break out direction could be either way.
However, RSI still shows positive sentiment since it has not broken below 40 threshold, and there is no divergence on the September-October peaks which indicates higher levels. Next couple of days could be crucial. If USDJPY breaks above 148.85 new highs are likely.
If RSI closes above its short-term falling trend line there is good indication of this new highs scenario to play out.