Looking at the current USD/JPY chart, I predict that the pair has upside potential. USD/JPY recently broke out of an ascending triangle pattern, marking the start of a new uptrend. The next resistance I predict is at the 0.618 Fibonacci level, which is around 148.00.
The recent rise could be supported by positive economic reports from the US or a weakening of the Yen due to Japan's monetary policies. If the uptrend continues, my next target is 149.59, based on the extended Fibonacci technical analysis.