USD/JPY may rise 27 - 62 pips

Pivot

143.85

Our preference

Long positions above 143.85 with targets at 144.65 & 145.00 in extension.

Alternative scenario

Below 143.85 look for further downside with 143.45 & 143.10 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

145.30

145.00

144.65

144.38 Last

143.85

143.45

143.10

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