USD/JPY may rise 24 - 84 pips

Pivot

153.75

Our preference

Long positions above 153.75 with targets at 154.90 & 155.50 in extension.

Alternative scenario

Below 153.75 look for further downside with 153.40 & 152.75 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

156.20

155.50

154.90

154.66 Last

153.75

153.40

152.75

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