USD/JPY may rise 43 - 78 pips

Pivot

143.70

Our preference

Long positions above 143.70 with targets at 144.80 & 145.15 in extension.

Alternative scenario

Below 143.70 look for further downside with 143.45 & 143.00 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

145.50

145.15

144.80

144.37 Last

143.70

143.45

143.00

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