USD/JPY may rise 42 - 87 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 is bullish and calls for further upside.

Supports and resistances

156.95

156.45

156.00

155.58 Last

154.90

154.50

154.00

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