USD/JPY may rise 113 - 165 pips

Our pivot point stands at 141.65.

Our preference

Rebound towards 144.05.

Alternative scenario

Below 141.65, expect 140.77 and 140.25.

Comment

The RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 142.45 and 142.49).

Supports and resistances

145.11 **

144.58 *

144.05 **

143.53

142.40 last

142.00

141.65 **

140.77 *

140.25 **

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