USD/JPY may rise 108 - 158 pips

Pivot

142.20

Our preference

Long positions above 142.20 with targets at 143.70 & 144.20 in extension.

Alternative scenario

Below 142.20 look for further downside with 141.70 & 141.25 as targets.

Comment

The break above 142.20 is a positive signal that has opened a path to 143.70.

Supports and resistances

144.70

144.20

143.70

142.62 Last

142.20

141.70

141.25

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