USD/JPY may rise 38 - 88 pips

Pivot

150.00

Our preference

Long positions above 150.00 with targets at 151.10 & 151.60 in extension.

Alternative scenario

Below 150.00 look for further downside with 149.55 & 149.10 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

152.00

151.60

151.10

150.72 Last

150.00

149.55

149.10

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