USD/JPY may rise 55 - 105 pips

Pivot

146.70

Our preference

Long positions above 146.70 with targets at 147.90 & 148.40 in extension.

Alternative scenario

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

Comment

The next resistances are at 147.90 and then at 148.40.

Supports and resistances

149.00

148.40

147.90

147.35 Last

146.70

146.10

145.60

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