USD/JPY may rise 25 - 75 pips

Pivot

150.45

Our preference

Long positions above 150.45 with targets at 151.10 & 151.60 in extension.

Alternative scenario

Below 150.45 look for further downside with 150.10 & 149.70 as targets.

Comment

A support base at 150.45 has formed and has allowed for a temporary stabilisation.

Supports and resistances

152.00

151.60

151.10

150.85 Last

150.45

150.10

149.70

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