USD/JPY may rise 44 - 74 pips

Pivot

160.30

Our preference

Long positions above 160.30 with targets at 161.25 & 161.55 in extension.

Alternative scenario

Below 160.30 look for further downside with 160.10 & 159.85 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

161.90

161.55

161.25

160.81 Last

160.30

160.10

159.85

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