FX.co ★ USD/JPY analysis for October 11 2022 - Potential for big grwoth towards 147.00

Technical analysis:

USD/JPY has been trading upside as I expected and the price has reached the first upside target at 145.90 . Anyway, I see potential for further growth.

Trading recommendation:

Due to the strong upside cycle on the USD/JPY I see further upside movement after the normal corrections.

Watch for the potential buying opportunities on the intraday dips.

Upside objectives are set at the price of 147.00 and 147.50

MACD oscillator is showing positive reading, which is sign that buyers are in control.

Support is set at the price of 145.30