USD/JPY may rise 37 - 97 pips

Pivot

148.75

Our preference

Long positions above 148.75 with targets at 149.60 & 150.20 in extension.

Alternative scenario

Below 148.75 look for further downside with 148.35 & 148.00 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

151.00

150.20

149.60

149.23 Last

148.75

148.35

148.00

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