USD/JPY may rise 27 - 52 pips

Pivot

149.80

Our preference

Long positions above 149.80 with targets at 150.50 & 150.75 in extension.

Alternative scenario

Below 149.80 look for further downside with 149.50 & 149.15 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

151.00

150.75

150.50

150.23 Last

149.80

149.50

149.15

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