USD/JPY may rise 24 - 64 pips

Pivot

159.35

Our preference

Long positions above 159.35 with targets at 160.00 & 160.40 in extension.

Alternative scenario

Below 159.35 look for further downside with 159.00 & 158.65 as targets.

Comment

The break above 159.35 is a positive signal that has opened a path to 160.00.

Supports and resistances

160.60

160.40

160.00

159.76 Last

159.35

159.00

158.65

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