USD/JPY may rise 61 - 86 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

Intraday technical indicators are mixed and call for caution.

Supports and resistances

151.00

150.75

150.50

149.89 Last

149.80

149.50

149.15

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