USD/JPY may rise 23 - 43 pips

Pivot

149.30

Our preference

Long positions above 149.30 with targets at 149.80 & 150.00 in extension.

Alternative scenario

Below 149.30 look for further downside with 149.15 & 148.95 as targets.

Comment

The break above 149.30 is a positive signal that has opened a path to 149.80.

Supports and resistances

150.30

150.00

149.80

149.57 Last

149.30

149.15

148.95

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