USD/JPY may rise 97 - 143 pips

Our pivot point is at 148.56.

Our preference

The upside prevails as long as 148.56 is support.

Alternative scenario

Below 148.56, expect 147.80 and 147.35.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 148.95 and 148.77).

Supports and resistances

151.53 **

151.08 *

150.63 **

150.17

149.20 last

148.85

148.56 **

147.80 *

147.35 **

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