USD/JPY may rise 55 - 125 pips

Pivot

145.45

Our preference

Long positions above 145.45 with targets at 146.60 & 147.30 in extension.

Alternative scenario

Below 145.45 look for further downside with 144.90 & 144.45 as targets.

Comment

The next resistances are at 146.60 and then at 147.30.

Supports and resistances

148.00

147.30

146.60

146.05 Last

145.45

144.90

144.45

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