USD/JPY may rise 57 - 117 pips

Pivot

148.50

Our preference

Long positions above 148.50 with targets at 149.60 & 150.20 in extension.

Alternative scenario

Below 148.50 look for further downside with 148.00 & 147.60 as targets.

Comment

The RSI advocates for further upside.

Supports and resistances

150.85

150.20

149.60

149.03 Last

148.50

148.00

147.60

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