USD/JPY may rise 34 - 84 pips

Pivot

156.50

Our preference

Long positions above 156.50 with targets at 157.50 & 158.00 in extension.

Alternative scenario

Below 156.50 look for further downside with 156.00 & 155.45 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

158.80

158.00

157.50

157.16 Last

156.50

156.00

155.45

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