29.03.202306:19 Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of USD/JPY Main Currency Pairs, Wednesday March 29 2023.

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Although on the daily chart the USD/JPY main currency pairs there is a Death Cross on both its Moving Average and the appearance of the deviation betweet price movement with Stochastic Oscillator indicator but those indicator currently shows that it is on the Oversold area so that in a few days ahead USD/JPYis trying to break above the level of 131.72. If this level is successfully penetrated, then the next level to go to is 133.79 and if this level is also successfully penetrated, it is likely that the bias of USD/JPY will turn into a BULL condition as long as the journey to these levels does not occur. a downward correction that exceeds the level of 129.66 because if this level is successfully broken down then USD/JPY will return to continue its Bearish bias.

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