USD/JPY may rise 45 - 70 pips

Intraday: the upside prevails.

Pivot

148.00

Our preference

Long positions above 148.00 with targets at 148.75 & 149.00 in extension.

Alternative scenario

Below 148.00 look for further downside with 147.55 & 147.20 as targets.

Comment

The break above 148.00 is a positive signal that has opened a path to 148.75.

Supports and resistances

149.25

149.00

148.75

148.30 Last

148.00

147.55

147.20

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

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