Technical analysis:
USD/JPY has been trading upside as I expected, the price has reached upside objective at the price of 147.65 but I see potential for further rally.
Trading recommendation:
Due to the strong upside momentum and upside trend, I see further upside movement and further growth.
Watch for the buying opportunities on the intraday dips with the upside objective at the price of 150.00.
MACD oscillator is showing upside reading, which is sign that buyers are in control.
Support is set at the price of 147.00
