USD/JPY may rise 20 - 45 pips

Pivot

157.00

Our preference

Long positions above 157.00 with targets at 157.55 & 157.80 in extension.

Alternative scenario

Below 157.00 look for further downside with 156.80 & 156.60 as targets.

Comment

The break above 157.00 is a positive signal that has opened a path to 157.55.

Supports and resistances

158.00

157.80

157.55

157.35 Last

157.00

156.80

156.60

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