USD/JPY may rise 45 - 75 pips

Pivot

154.70

Our preference

Long positions above 154.70 with targets at 155.70 & 156.00 in extension.

Alternative scenario

Below 154.70 look for further downside with 154.35 & 154.00 as targets.

Comment

The RSI calls for a rebound.

Supports and resistances

156.45

156.00

155.70

155.25 Last

154.70

154.35

154.00

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