USD/JPY may rise 93 - 223 pips

Pivot

146.00

Our preference

Long positions above 146.00 with targets at 148.40 & 149.70 in extension.

Alternative scenario

Below 146.00 look for further downside with 145.00 & 144.20 as targets.

Comment

The break above 146.00 is a positive signal that has opened a path to 148.40.

Supports and resistances

150.80

149.70

148.40

147.47 Last

146.00

145.00

144.20

Number of asterisks represents the strength of support and resistance levels.