USD/JPY may rise 52 - 112 pips

Pivot

148.50

Our preference

Long positions above 148.50 with targets at 149.40 & 150.00 in extension.

Alternative scenario

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

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

150.40

150.00

149.40

148.88 Last

148.50

148.00

147.60

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