FX.co ★ USD/JPY analysis for October 30, 2023 - Rejection of the key support

Technical analysis:

USD/JPY has been trading downside in the background but I found rejection fo the support and bullish divergence in momentum, which is good sign for the further rally.

Due to the bullish divergence in momentum and rejection of the support at 149.35, I see potential for the further growth towards upside references.

Upside objective are set at 149.82 and 150.05

RSI oscillator is showing bullish divergence in momentum and potential for the further rally.

Key support is set at the price of 149.35