FX.co ★ USD/JPY analysis for February 14 2023 - Potential for the bigger uspide movement

Technical analysis:

USD/JPY has been trading upside in the last couple of the days and I found the breakout of the downside channel, which is good sign for the further rise.

Trading recommendation:

Due to the breakout of the downside channel in the background and supporting price action, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objectives at 134.50 and 137.30

Slow MACD oscillator is showing bull divergence, which is good sign for the further rally....

Support zone is set at the price of 128.00