FX.co - USD/JPY analysis for September 13, 2023

2023-09-13T07:24:07

Relevance until2023-09-14

Technical analysis:

USD/JPY analysis for September 13, 2023 - Buyers in control

USD/JPY has been trading upside and the rising trend-line is holding like a strong support, which is good indication for the further rally.

Due to the strong upside trend in the background and rising support trend-line, I see potential for the further growth towards upside reference.

Upside objective is set at the price of 147.85

MACD oscillator is showing positive reading which is good sign for the further rally...

Support is set at the price of 147.22

*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 September 13, 2023 - Buyers in control