USD/JPY may rise 78 - 208 pips

Pivot

144.30

Our preference

Long positions above 144.30 with targets at 146.40 & 147.70 in extension.

Alternative scenario

Below 144.30 look for further downside with 143.40 & 142.50 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

148.40

147.70

146.40

145.62 Last

144.30

143.40

142.50

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