FX.co ★ USD/JPY analysis for April 11, 2023 - Potential for the further upside continuation

Technical analysis:

USD/JPY has been trading upside this morning and I found the breakout of the tight downside channel, which is good sign for the further upside movement.

Due to the breakout of the downside channel and the upside trend in the background, I see potential for the further upside continuation.

Upside objectives are set at the price of 133.85 and 134.60

MACD oscillator is showing first signs of the upside reading, which is good confirmation for the further upside movement.

Short-term support is set at the price of 133.33