USD/JPY may rise 51 - 72 pips.

USD/JPY may rise 51 - 72 pips.

Our pivot point is at 156.71.

Our preference : The upside prevails as long as 156.71 is support Alternative scenario Below 156.71, expect 156.35 and 156.15.

Comment : The RSI is above its neutrality area at 50.

The MACD is above its signal line and positive.

The configuration is positive.

Moreover, the price is above its 20 and 50 period moving average (respectively at 157.01 and 156.94).