USD/JPY may rise 18 - 43 pips

Pivot

156.70

Our preference

Long positions above 156.70 with targets at 157.20 & 157.45 in extension.

Alternative scenario

Below 156.70 look for further downside with 156.40 & 156.10 as targets.

Comment

Technically the RSI is above its neutrality area at 50.

Supports and resistances

157.75

157.45

157.20

157.02 Last

156.70

156.40

156.10

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