USD/JPY may rise 43 - 83 pips

Intraday: continuation of the rebound.

Pivot

152.90

Our preference

Long positions above 152.90 with targets at 154.00 & 154.40 in extension.

Alternative scenario

Below 152.90 look for further downside with 152.50 & 152.10 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

154.75

154.40

154.00

153.57 Last

152.90

152.50

152.10

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

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