USD/JPY may rise 102 - 153 pips

141.17 is our pivot point.

Our preference

The upside prevails as long as 141.17 is support.

Alternative scenario

Below 141.17, expect 140.32 and 139.81.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 141.80 and 141.81).

Supports and resistances

144.39 **

143.89 *

143.38 **

142.87

141.85 last

141.51

141.17 **

140.32 *

139.81 **

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