USD/JPY may rise 42 - 82 pips

Pivot

140.30

Our preference

Long positions above 140.30 with targets at 141.30 & 141.70 in extension.

Alternative scenario

Below 140.30 look for further downside with 139.90 & 139.55 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

142.30

141.70

141.30

140.88 Last

140.30

139.90

139.55

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