USD/JPY may rise 76 - 136 pips

Pivot

146.70

Our preference

Long positions above 146.70 with targets at 148.40 & 149.00 in extension.

Alternative scenario

Below 146.70 look for further downside with 146.10 & 145.60 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

149.70

149.00

148.40

147.64 Last

146.70

146.10

145.60

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