FX.co ★ USD/JPY analysis for September 19, 2022 - Potential for the upside continuation

Technical analysis:

USD/JPY has been trading sideways in last few days and there is the symmetrical triangle pattern in creation. Watch for potential breakout to the upside.

Trading recommendation:

Due to the upside cycle on the USD/JPY and potential for the breakout of the triangle watch for the upside breakout to confirm further bull continuation.

Watch for the potential buying opportunities in case of the upside breakout.

Stochastic oscillator is showing fresh bull cross, which is good sign for further bull move.

Key support is set at the price of 142.50