USD/JPY may rise 22 - 52 pips

Pivot

150.65

Our preference

Long positions above 150.65 with targets at 151.30 & 151.60 in extension.

Alternative scenario

Below 150.65 look for further downside with 150.35 & 150.10 as targets.

Comment

The RSI calls for a bounce.

Supports and resistances

152.00

151.60

151.30

151.08 Last

150.65

150.35

150.10

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