Technical analysis:
USD/JPY has been trading upside as I expected and the price is heading towards my upside objectives. There is breakout of the early morning triangle, which is another sign for further growth.
Trading recommendation:
Due to the breakout of the triangle pattern in the background and strong upside cycle, I see potential for further rally.
Watch for the potential buying opportunities with the upside objectives at the price of 145.30 and 147.
MACD oscillator is showing fresh upside momentum, which is good sign that buyers are in control.
Key support is set at the price of 143.50