USD/JPY may rise 91 - 136 pips

Our pivot point is at 150.36.

Our preference

The upside prevails as long as 150.36 is support.

Alternative scenario

Below 150.36, expect 149.60 and 149.15.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 150.90 and 150.79). Finally, the USD/JPY is trading above its upper Bollinger band (standing at 151.10).

Supports and resistances

153.39 **

152.94 *

152.48 **

152.03

151.12 last

150.66

150.36 **

149.60 *

149.15 **

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