USD/JPY has been trading upside as I expected and the price has reached the first upside objective at the price of 145. Anyway, I see potential for further upside movement due to the strong upside momentum.
Due to the strong upside pressure in the background and breakout of the multi day triangle pattern I see potential for further big growth.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 146.50 and 147.50.
MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of 143.50