FX.co ★ Technical Analysis of the Price Movement of USD/JPY Main Currency Pairs, Tuesday January 30, 2024.

If we look on the daily chart of the USD/JPY main currency pairs, then there will seems that this main currency pairs is finishing the correction condition and now return to its strength where this is marked by the whole Moving Average which has started crossing up as well as confirmed by the appearance of the hidden deviation between the price movement with the Stochastic Oscillator indicator so that based on those facts, in the near future USD/JPY has the potential to continue its strength back to the level 148,82 in a few days ahead and if this levels successfully broken and as long there is no weakness correction back until it breaks below the level 145.60, then USD/JPY will continue its strengthening to the level 151.73 if the momentum and the volatility is supporting.

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