USD/JPY may rise 51 - 111 pips

Pivot

154.10

Our preference

Long positions above 154.10 with targets at 155.25 & 155.85 in extension.

Alternative scenario

Below 154.10 look for further downside with 153.60 & 153.00 as targets.

Comment

The break above 154.10 is a positive signal that has opened a path to 155.25.

Supports and resistances

156.25

155.85

155.25

154.74 Last

154.10

153.60

153.00

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