USD/JPY may rise 35 - 75 pips

Pivot

146.75

Our preference

Long positions above 146.75 with targets at 147.50 & 147.90 in extension.

Alternative scenario

Below 146.75 look for further downside with 146.30 & 146.05 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

148.20

147.90

147.50

147.15 Last

146.75

146.30

146.05

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