USDJPY: Multi head uplink

Fundamental analysis:

The dollar remained volatile against the yen at 148.609. Japan's industrial production fell for the first time in four months in September. Manufacturers were hit by the rising cost of raw materials and the global economic slowdown. A brighter sign for Japan is that retail sales have increased for the seventh consecutive month, raising hopes that consumption will continue to get a boost. Japan earlier this month relaxed its border epidemic control measures for foreign tourists.

USD and JPY - 4-hour K line chart shows:

Technical analysis:

The 4-hour chart shows that the low bulls' momentum has kept surging, and the short-term bullish mood is shrouded. The bulls have signs of continuing to pull up. The MACD index is arranged on the upper side of the 0 axis, and the RSI index is hovering on the weak side of the 50 balanced line;

Empty turning point: 148.468

Pressing: 149.093, 149.586

Support: 147.987, 147.518

Trading strategy: 148.468 upside bullish, target 149.093, 149.586

Alternative strategy: 148.468 lower bearish, target 147.987, 147.518