USD/JPY may rise 118 - 248 pips

Pivot

143.70

Our preference

Long positions above 143.70 with targets at 146.40 & 147.70 in extension.

Alternative scenario

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

Comment

The RSI advocates for further upside.

Supports and resistances

148.40

147.70

146.40

145.22 Last

143.70

142.50

141.65

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