Technical analysis:
USD/JPY has been trading upside this morning after the strong rejection of the support at 143.50. I see potential for the upside continuation of the bigger upside trend.
Trading recommendation:
Due to the strong rejection of the support at 143.50 and breakout of the multi-hour range, I see potential for further rally.
Watch for the potential buying opportunities on the intraday dips with the upside objectives at the price of 144.90 and 145.25
Stochastic oscillator is showing fresh bull cross, which is good sign for further upside movement.
Key support is set at the price of 143.50-144