USD/JPY may rise 40 - 70 pips

Pivot

145.60

Our preference

Long positions above 145.60 with targets at 146.20 & 146.50 in extension.

Alternative scenario

Below 145.60 look for further downside with 145.20 & 144.85 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

146.80

146.50

146.20

145.80 Last

145.60

145.20

144.85

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