USD/JPY may rise 52 - 97 pips

Pivot

152.20

Our preference

Long positions above 152.20 with targets at 153.15 & 153.60 in extension.

Alternative scenario

Below 152.20 look for further downside with 151.60 & 151.10 as targets.

Comment

The next resistances are at 153.15 and then at 153.60.

Supports and resistances

154.00

153.60

153.15

152.63 Last

152.20

151.60

151.10

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