FX.co ★ USD/JPY analysis for November 07, 2022 - Triangle pattern in creation

Technical analysis:

USD/JPY has been trading sideways at the price of 147.45. I see potential for the breakout play.

Trading recommendation:

Due to the range condition, watch for potential breakout of the trading range to confirm further direction.

In case of the upside breakout of the resistance at 148.80, watch for buying opportunities with the upside objective at 151.85.

In case of the downside breakout of the support at 145.65, watch for selling opportunities with the downside objective at 141.85