USD/JPY may rise 93 - 139 pips

149.25 is our pivot point.

Our preference

The upside prevails as long as 149.25 is support.

Alternative scenario

Below 149.25, expect 148.48 and 148.03.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 149.70 and 149.40).

Supports and resistances

152.16 **

151.71 *

151.26 **

150.80

149.87 last

149.55

149.25 **

148.48 *

148.03 **

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