USD/JPY may rise 20 - 60 pips

Pivot

148.90

Our preference

Long positions above 148.90 with targets at 149.60 & 150.00 in extension.

Alternative scenario

Below 148.90 look for further downside with 148.60 & 148.35 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

150.35

150.00

149.60

149.40 Last

148.90

148.60

148.35

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