29.09.202309:59 Forex Analysis & Reviews: USD/JPY analysis for September 29, 2023 - Potential for the upside continuation

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Technical analysis:

USD/JPY has been trading downside this morning but I found rejection of the intraday support at 148.60 and potential for the further rally.

Due to the strong upside trend in the background and morning flash, I see potential for the further rally towards upside references.

Upside objectives are set at the price of 149315 and 149.50

RSI oscillator is showing positive reversal, which is good sign for the further rally.

Key support is set at the price of 148.60

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