USD/JPY may rise 77 - 267 pips

Pivot

143.70

Our preference

Long positions above 143.70 with targets at 146.50 & 148.40 in extension.

Alternative scenario

Below 143.70 look for further downside with 142.50 & 141.65 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

149.70

148.40

146.50

145.73 Last

143.70

142.50

141.65

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