USD/JPY may rise 106 - 166 pips

Pivot

152.80

Our preference

Long positions above 152.80 with targets at 154.90 & 155.50 in extension.

Alternative scenario

Below 152.80 look for further downside with 152.00 & 151.30 as targets.

Comment

The break above 152.80 is a positive signal that has opened a path to 154.90.

Supports and resistances

156.20

155.50

154.90

153.84 Last

152.80

152.00

151.30

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