USD/JPY may rise 63 - 108 pips

Pivot

155.35

Our preference

Long positions above 155.35 with targets at 156.45 & 156.90 in extension.

Alternative scenario

Below 155.35 look for further downside with 154.80 & 154.50 as targets.

Comment

The break above 155.35 is a positive signal that has opened a path to 156.45.

Supports and resistances

157.45

156.90

156.45

155.82 Last

155.35

154.80

154.50

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