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04.01.202408:00 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs,Thursday January 04 2024.

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Exchange Rates 04.01.2024 analysis

There is the appearance of deviation pattern between the price movement of USD/JPY main currency pairs with MACD Histogram indicator which at the same time, the movement of USD/JPY is hold by the Bullish Fair Value Gap level which act as the level Support area, although currently the USD/JPY price movement still below the WMA 30 shift 2, but based on the appearance of that Divergent, in a few days ahead, USD/JPY has the potential to appreciated upward to test the level 144,96 if the momentum as well as the volatility supporting enough, then it is not possible that the level 147,30 will be the next target to be aimed but this strengthening scenario will cancel itself if on the way to those level target suddenly USD/JPY corrected weak significantly especially if breaks below the level 140,71.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
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