FX.co ★ Analysis of Gold for June 21, 2023 - Upside continuation in the play towards upside references

Technical analysis:

USD/JPY has been trading upside as I expected and I found the breakout of the triangle pattern in the background and strong momentum to the upside.

Due to the breakout of the tight triangle in the background and the strong upside momentum, I see potential for the further growth towards upside references.

Upside objectives are set at the price of 145.40 and 149.35

MACD oscillator is showing upside reading, which is good confirmation for the further rally...

Key support is set at the price of 138.50