FX.co ★ USD/JPY analysis for March 13, 2023 - Potential for the bigger uspide movement

Technical analysis:

USD/JPY has been trading downside on Friday and I see that key Fibonacci support Agreement zone at 133.60 held this morning, which is good sign for the potential upside continuation.

Due to the strong bullish trend on longer frames and test-reject of the key Fibonacci support zone, I see potential for the further upside continuation....

Upside objectives are set at 135.80, 137 and 137.80

Stochastic and MACD oscillators are showing bullish divergence and fresh bull cross, which is good sign for the further upside movement.

Key support is set at the 133.60