Technical analysis:
USD/JPY has been trading downside this morning but I see potential for the further rally towards next major upside reference point.
Due to the strong upside trend in the background and that positive reversal on the RSI oscillator, I see potential for the further growth towards next upside reference.
Upisde objective is set at the price of 151.60
RSI oscillator is showing positive reversals, which is good sign for the further rally.
Intraday support level is set at the price of 149.70
