USD/JPY may rise 49 - 99 pips

Pivot

148.25

Our preference

Long positions above 148.25 with targets at 149.10 & 149.60 in extension.

Alternative scenario

Below 148.25 look for further downside with 147.90 & 147.30 as targets.

Comment

The break above 148.25 is a positive signal that has opened a path to 149.10.

Supports and resistances

150.00

149.60

149.10

148.61 Last

148.25

147.90

147.30

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