USD/JPY may rise 92 - 137 pips

Our pivot point stands at 150.45.

Our preference

As long as 150.45 is support look for 152.44.

Alternative scenario

The downside breakout of 150.45 would call for 149.69 and 149.24.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 150.95 and 150.86).

Supports and resistances

153.34 **

152.89 *

152.44 **

151.99

151.07 last

150.75

150.45 **

149.69 *

149.24 **

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