USD/JPY may rise 68 - 93 pips

Pivot

156.95

Our preference

Long positions above 156.95 with targets at 157.75 & 158.00 in extension.

Alternative scenario

Below 156.95 look for further downside with 156.75 & 156.40 as targets.

Comment

The break above 156.95 is a positive signal that has opened a path to 157.75.

Supports and resistances

158.50

158.00

157.75

157.07 Last

156.95

156.75

156.40

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