USD/JPY may rise 23 - 38 pips

Pivot

149.45

Our preference

Long positions above 149.45 with targets at 150.15 & 150.30 in extension.

Alternative scenario

Below 149.45 look for further downside with 149.10 & 148.85 as targets.

Comment

The RSI is bullish and calls for further advance.

Supports and resistances

150.50

150.30

150.15

149.92 Last

149.45

149.10

148.85

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