FX.co ★ AnalisaTechnical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Thursday March 02 2023.

Currently on the daily chart, USD/JPY main currency pairs seems trying to test and break above the level 138,17 where the rally movement above confirmed by the price movement which is above the EMA 10 and CCI indicator successfully break above the level -100,0 & 100 which indicates that buyers are dominating this market so that if the 138.17 level is successfully broken, USD/JPY will potentially continue strengthening up to 142.24 in the next few days. However, it should be noted if there is a downward correction beyond the 129.81 level and/or the CCI indicator penetrates below the up trendline, it is very likely that the Bull scenario previously described will become invalid and cancel itself.

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