USD/JPY may rise 70 - 115 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 151.70 & 151.20 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

154.00

153.60

153.15

152.45 Last

152.20

151.70

151.20

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