USD/JPY may rise to 155.00 - 157.00

ST: the upside prevails.

Pivot

145.75

Our preference

Long positions above 145.75 with targets at 155.00 & 157.00 in extension.

Alternative scenario

Below 145.75 look for further downside with 143.30 & 139.90 as targets.

Comment

The RSI shows upside momentum.

Supports and resistances

159.50

157.00

155.00

151.26 Last

145.75

143.30

139.90

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

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