USD/JPY may rise 47 - 102 pips

Pivot

141.30

Our preference

Long positions above 141.30 with targets at 142.45 & 143.00 in extension.

Alternative scenario

Below 141.30 look for further downside with 140.90 & 140.55 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

143.70

143.00

142.45

141.98 Last

141.30

140.90

140.55

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