FX.co ★ USD/CHF analysis for September 01, 2022 - Breakout of the triangle pattern in the backgorund

Technical analysis:

USD/JPY has been trading upside this morning, I found the breakout of the ascending triangle in the bakcground, which is good sign for further growth.

Trading recommendation:

Due to the breakout of the ascending triangle in the background, watch for potential buying opportunities.

Upside objective is set at the price of 140.10.

Stochastic oscillator is showing oversold condition and the fresh bull cross, which is good sign for further rally.

Key support is set at the price of 139.00