FX.co - Analysis of USD/JPY for March 02,.2023 - Potential for the upside continuation

2023-03-02T08:29:10

Relevance until2023-03-03

Technical analysis:

Analysis of USD/JPY for March 02,.2023 - Potential for the upside continuation

USD/JPY has been trading upside this morning and I found potential for the upside continuation of the downside correction.

Key intraday support zones are set at 136.40 and 1.36.20 (Fibonacci confluences)

I see potential for the upside continuation after the downside correction.

Upside objective is set at 137.40

The short-term trend is bullish....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of USD/JPY for March 02,.2023 - Potential for the upside continuation