USD/JPY may rise 90 - 220 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 advocates for further upside.

Supports and resistances

148.40

147.70

146.40

145.50 Last

144.30

143.40

142.50

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