USD/JPY may rise 31 - 101 pips

Pivot

141.80

Our preference

Long positions above 141.80 with targets at 143.00 & 143.70 in extension.

Alternative scenario

Below 141.80 look for further downside with 141.20 & 140.50 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

144.20

143.70

143.00

142.69 Last

141.80

141.20

140.50

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