USD/JPY may rise 65 - 92 pips.

USD/JPY may rise 65 - 92 pips.

Our pivot point is at 159.23.

Our preference : The upside prevails as long as 159.23 is support Alternative scenario Below 159.23, expect 158.78 and 158.52.

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 159.53 and 159.42).