USD/JPY may rise 22 - 37 pips

Pivot

149.55

Our preference

Long positions above 149.55 with targets at 150.15 & 150.30 in extension.

Alternative scenario

Below 149.55 look for further downside with 149.35 & 149.10 as targets.

Comment

The break above 149.55 is a positive signal that has opened a path to 150.15.

Supports and resistances

150.50

150.30

150.15

149.93 Last

149.55

149.35

149.10

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