USD/JPY may rise to 160.00 - 170.00

Pivot

137.50

Our preference

Long positions above 137.50 with targets at 160.00 & 170.00 in extension.

Alternative scenario

Below 137.50 look for further downside with 125.50 & 116.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

175.00

170.00

160.00

156.42 Last

137.50

125.50

116.00

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