USD/JPY may rise 21 - 46 pips

Pivot

147.10

Our preference

Long positions above 147.10 with targets at 147.65 & 147.90 in extension.

Alternative scenario

Below 147.10 look for further downside with 146.80 & 146.55 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

148.20

147.90

147.65

147.44 Last

147.10

146.80

146.55

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