USD/JPY may rise 26 - 66 pips

Pivot

157.35

Our preference

Long positions above 157.35 with targets at 158.20 & 158.60 in extension.

Alternative scenario

Below 157.35 look for further downside with 156.95 & 156.55 as targets.

Comment

The RSI advocates for further advance.

Supports and resistances

159.00

158.60

158.20

157.94 Last

157.35

156.95

156.55

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