USD/JPY may rise 17 - 37 pips

Pivot

157.35

Our preference

Long positions above 157.35 with targets at 157.80 & 158.00 in extension.

Alternative scenario

Below 157.35 look for further downside with 157.15 & 157.00 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

158.20

158.00

157.80

157.63 Last

157.35

157.15

157.00

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