USD/JPY may rise 11 - 41 pips

Pivot

147.10

Our preference

Long positions above 147.10 with targets at 147.50 & 147.80 in extension.

Alternative scenario

Below 147.10 look for further downside with 146.60 & 145.25 as targets.

Comment

The break above 147.10 is a positive signal that has opened a path to 147.50.

Supports and resistances

148.20

147.80

147.50

147.39 Last

147.10

146.60

145.25

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