FX.co ★ USD/JPY analysis for September 25, 2023 - Buyers in control and potential for the further growth

Technical analysis:

USD/JPY has been trading upside as I expected. Market did re-break of the ascending triangle pattern, which is strong confirmation for the further rally.

Due to the short-term upside trend and the breakout of the triangle pattern in the background, I see potential for the further rally towards upside references.

Upside objective is set at the price of 150.00

RSI oscillator is showing fresh hidden bullish divergence, which is good sign for the further upside movement.

Key support is set at the price of 147.30