USD/JPY may rise 17 - 37 pips

Pivot

160.75

Our preference

Long positions above 160.75 with targets at 161.35 & 161.55 in extension.

Alternative scenario

Below 160.75 look for further downside with 160.50 & 160.25 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

161.75

161.55

161.35

161.18 Last

160.75

160.50

160.25

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