USD/JPY may rise to 160.00 - 161.50

Pivot

151.80

Our preference

Long positions above 151.80 with targets at 160.00 & 161.50 in extension.

Alternative scenario

Below 151.80 look for further downside with 148.80 & 145.75 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

164.00

161.50

160.00

156.42 Last

151.80

148.80

145.75

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