FX.co ★ Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday December 18, 2023.

Even though the condition of the main currency pair USD/JPY is in a Bearish condition which is confirmed by the price movement moving below the EMA 50 which also has a downward slope, however, with the emergence of deviations between price movements and the Awesome Oscillator indicator, it is predicted that in the near future USD/JPY has the potential to be corrected upwards. upwards to the level of the Bearish Fair Value Gap area (light purple box) but as long as the upward correction does not penetrate above level 145.28 then USD/JPY still has the potential to weaken again and fall down to level 138.04,

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