USD/JPY may rise 146 - 276 pips

Pivot

144.70

Our preference

Long positions above 144.70 with targets at 148.40 & 149.70 in extension.

Alternative scenario

Below 144.70 look for further downside with 144.05 & 143.40 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

150.80

149.70

148.40

146.94 Last

144.70

144.05

143.40

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