USD/JPY may rise 26 - 71 pips

Pivot

155.80

Our preference

Long positions above 155.80 with targets at 156.45 & 156.90 in extension.

Alternative scenario

Below 155.80 look for further downside with 155.35 & 155.15 as targets.

Comment

The RSI is mixed with a bullish bias.

Supports and resistances

157.05

156.90

156.45

156.19 Last

155.80

155.35

155.15

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