FX.co ★ USD/JPY analysis for September 02, 2022 - Strong upside momentum and potential for bigger growth towards 146.00

Technical analysis:

USD/JPY has been trading upside as I expected. The price reached my first upside objective at 140.45 and there is possibility to test second upside objective.

Trading recommendation:

Due to the strong upside momentum and upside trend, I see potential for further growth.

Watch for potential buying opportunities on the intraday dips with the upside objective at the price of 146.00.

MACD oscillator is showing strong upside reading with no signs for the reversal.

Key support is set at the price of 138.20