USD/JPY may rise 53 - 83 pips

Pivot

146.80

Our preference

Long positions above 146.80 with targets at 147.90 & 148.20 in extension.

Alternative scenario

Below 146.80 look for further downside with 146.40 & 146.05 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

148.60

148.20

147.90

147.37 Last

146.80

146.40

146.05

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