USD/JPY may rise 50 - 95 pips

Pivot

154.90

Our preference

Long positions above 154.90 with targets at 156.00 & 156.45 in extension.

Alternative scenario

Below 154.90 look for further downside with 154.50 & 154.00 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

156.95

156.45

156.00

155.50 Last

154.90

154.50

154.00

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