USD/JPY may rise 53 - 123 pips

Pivot

153.10

Our preference

Long positions above 153.10 with targets at 154.70 & 155.40 in extension.

Alternative scenario

Below 153.10 look for further downside with 152.50 & 151.95 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

155.90

155.40

154.70

154.17 Last

153.10

152.50

151.95

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