USD/JPY may rise 117 - 171 pips

Our pivot point stands at 143.59.

Our preference

The upside prevails as long as 143.59 is support.

Alternative scenario

Below 143.59, expect 142.67 and 142.12.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 144.16 and 144.10).

Supports and resistances

147.20 **

146.65 *

146.10 **

145.56

144.39 last

143.95

143.59 **

142.67 *

142.12 **

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