USD/JPY may rise 67 - 117 pips

Pivot

144.20

Our preference

Long positions above 144.20 with targets at 145.30 & 145.80 in extension.

Alternative scenario

Below 144.20 look for further downside with 143.85 & 143.45 as targets.

Comment

A support base at 144.20 has formed and has allowed for a temporary stabilisation.

Supports and resistances

146.45

145.80

145.30

144.63 Last

144.20

143.85

143.45

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