USD/JPY may rise 28 - 53 pips

Pivot

156.00

Our preference

Long positions above 156.00 with targets at 156.75 & 157.00 in extension.

Alternative scenario

Below 156.00 look for further downside with 155.80 & 155.50 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

157.25

157.00

156.75

156.47 Last

156.00

155.80

155.50

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