USD/JPY may rise 47 - 97 pips

Pivot

146.00

Our preference

Long positions above 146.00 with targets at 147.30 & 147.80 in extension.

Alternative scenario

Below 146.00 look for further downside with 145.60 & 145.20 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

148.25

147.80

147.30

146.83 Last

146.00

145.60

145.20

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