FX.co ★ USD/JPY analysis for October10 2022 -Breakout of the triangle patter in the backgorund

Technical analysis:

USD/JPY has been trading upside as I expected. The price reached the first upside objective at the level of 145.30.I see potential for the further upside movement.

Trading recommendation:

Due to the strong upside pressure and breakout of the triangle pattern in the background, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the next upside objectives at 145.90 and 147.00.

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of 145.30