USD/JPY may rise 36 - 76 pips

Pivot

151.00

Our preference

Long positions above 151.00 with targets at 152.00 & 152.40 in extension.

Alternative scenario

Below 151.00 look for further downside with 150.60 & 150.20 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

152.75

152.40

152.00

151.64 Last

151.00

150.60

150.20

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