USD/JPY may rise 26 - 81 pips

Pivot

153.75

Our preference

Long positions above 153.75 with targets at 154.70 & 155.25 in extension.

Alternative scenario

Below 153.75 look for further downside with 153.40 & 153.00 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

155.85

155.25

154.70

154.44 Last

153.75

153.40

153.00

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