USD/JPY may rise 20-50 points
Pivot point:
111.55
Trading strategy:
Above 111.55, look for further upside with targets at 112.20 and then 112.50.
Alternative strategy:
Below 111.55, look for downside with targets at 111.15 and then 110.90.
Technical comment:
The RSI technical indicator is moving upward.
Support and resistance levels:
112.85
112.50
112.20
112.00 closing price
111.55
111.15
110.90
The number of asterisks represents the strength of the support and resistance levels.