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22.03.2023 10:07 AM
USD/JPY analysis for March 22, 2023 - Potential for the bigger uspide movement

Technical analysis:

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USD/JPY has been trading upside this morning and I found the breakout of the tight bull flag pattern, which is good sign for the further higher prices.

Due to the upside momentum in the background and the breakout of the bull flag pattern, I see potential for the further growth.

Upside objective is set at the price of 133.70

Stochastic Oscillator is showing fresh bull cross, which is another sign for the potential rally.

Key intraday is set at the price of 132.30

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