The technical outlook of the daily chart of the currency pair USD/JPY shows signs of a strong bullish trend. The price is moving above the Ichimoku cloud and has reached its critical resistance level of 138. This level offered great support to the pair in November 2022 from a massive fall. Furthermore, back in August 2022, this level acted as strong resistance before USD/JPY rallied to 150. Now that the currency pair has reached near this level, traders are keeping a close eye on the market. The technical indicator MACD histograms are appearing above the zero line with strong bars showing that the bullish trend is ... (full story)