USD/JPY may rise 33 - 83 pips

Pivot

146.55

Our preference

Long positions above 146.55 with targets at 147.30 & 147.80 in extension.

Alternative scenario

Below 146.55 look for further downside with 146.25 & 146.00 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

148.20

147.80

147.30

146.97 Last

146.55

146.25

146.00

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