USD/JPY may rise 27 - 52 pips

Pivot

148.85

Our preference

Long positions above 148.85 with targets at 149.55 & 149.80 in extension.

Alternative scenario

Below 148.85 look for further downside with 148.60 & 148.35 as targets.

Comment

The break above 148.85 is a positive signal that has opened a path to 149.55.

Supports and resistances

150.00

149.80

149.55

149.28 Last

148.85

148.60

148.35

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