Technical analysis:
USD/JPY has been trading sideways today at the price of 142.40 but I see potential for further upside continuatin of the trend.
Trading recommendation:
USD/JPY Is still in the strong upside cycle and it is true momentum leader. I still see potential for bigger upside continuation towards upper references.
Watch for the buying opportunities on the intraday dips with the upside objectives at 145.00 and 147.00.
Stochatic oscillator is showing fresh upside cross from the oversold zone, which can be good sign for the further upside continuation.
Key support is set at the price of 141.50