USD/JPY may rise 81 - 116 pips

Our pivot point stands at 149.81.

Our preference

Rebound towards 151.58.

Alternative scenario

Below 149.81, expect 149.22 and 148.87.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 150.81 and 152.12).

Supports and resistances

152.28 **

151.93 *

151.58 **

151.23

150.42 last

150.04

149.81 **

149.22 *

148.87 **

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