USDJPY 23 Feb 2024 on the weekly timeframe, this pair seems to continue to strengthen since the end of last year. Continuing to strengthen and now successfully occupying the price position of 150.493, this pair is still likely to continue bullish towards the resistance line. However, the condition of Japan which is haunted by recession will at least affect the market. Also if referring to the stochastic indicator which looks to be in the saturated zone, it could cause a trend reversal to occur. Keep an eye on market movements, be aware of possible trend reversals, and calculate all possibilities before making trading decisions.
