USD/JPY may rise 47 - 97 pips

Pivot

150.10

Our preference

Long positions above 150.10 with targets at 151.10 & 151.60 in extension.

Alternative scenario

Below 150.10 look for further downside with 149.60 & 149.10 as targets.

Comment

The break above 150.10 is a positive signal that has opened a path to 151.10.

Supports and resistances

152.00

151.60

151.10

150.63 Last

150.10

149.60

149.10

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