Technically speaking, the price holding above the round-number level of 148.00 paves the way for continued growth in the USD/JPY currency pair. Additionally, daily chart oscillators remain in positive territory, confirming the possibility of further upward movement, provided that prices stay above the 50-day Simple Moving Average (SMA).

At the same time, any further advance will face strong resistance near the 200-day SMA, which is currently located at the 148.60 level. A sustained break above this level would strengthen the positive trend, allowing the price to test the 149.00 psychological level, and then the monthly high around 149.20.

On the other hand, if prices fail to hold above the 50-day SMA (currently at 147.65), a decline may accelerate toward the round level of 147.00. A confident break below this level would open the way to horizontal support at 146.20, before the potential for a further drop to the September low in the 145.45 level.