USD/JPY may rise 73 - 123 pips

Pivot

155.45

Our preference

Long positions above 155.45 with targets at 157.20 & 157.70 in extension.

Alternative scenario

Below 155.45 look for further downside with 155.00 & 154.50 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

158.25

157.70

157.20

156.47 Last

155.45

155.00

154.50

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