USD/JPY may rise 28 - 48 pips

Pivot

161.30

Our preference

Long positions above 161.30 with targets at 161.90 & 162.10 in extension.

Alternative scenario

Below 161.30 look for further downside with 161.10 & 160.90 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

162.30

162.10

161.90

161.62 Last

161.30

161.10

160.90

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