USD/JPY may rise 18 - 43 pips

Pivot

148.80

Our preference

Long positions above 148.80 with targets at 149.30 & 149.55 in extension.

Alternative scenario

Below 148.80 look for further downside with 148.55 & 148.35 as targets.

Comment

The RSI lacks downward momentum.

Supports and resistances

149.80

149.55

149.30

149.12 Last

148.80

148.55

148.35

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