FX.co - USD/JPY analysis for March 24, 2023

2023-03-24T08:35:10

Relevance until2023-03-25

Technical analysis:

USD/JPY analysis for March 24, 2023 - Potential for the rally

USD/JPY has been trading downside in the background but I found falling wedge pattern in creation and potential upside movement.

Due to potential downside exhaustion and bull crosses on the oscillators I see potential for the rally.

Upside objectives are set at 130.95 and 131.70

Support is set at the price of 130.00

*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 ★ USD/JPY analysis for March 24, 2023 - Potential for the rally