FX.co ★ USD/JPY analysis for October 13 2022 - Upside target reached but potential for further growth

Technical analysis:

USD/JPY has been trading upside as I expected and the price has reached the upside objective at the 147.000. Anyway, I still see potential for the growth towards the next reference point.

Trading recommendation:

Due to the strong upside pressure in the background and tight consolidation today, I see potential for the further growth.

Watch for the potential buying opportunities on the intraday dips with the upside objective at 147.80.

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

Intraday support is set at the price of 146.65