USD/JPY may rise 107 - 153 pips

Our pivot point stands at 152.01.

Our preference

As long as 152.01 is support look for 154.15.

Alternative scenario

Below 152.01, expect 151.24 and 150.78.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is below its 20 period moving average (152.86) but above its 50 period moving average (152.08).

Supports and resistances

155.06 **

154.60 *

154.15 **

153.69

152.62 last

152.31

152.01 **

151.24 *

150.78 **

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