Although he was unable to emerge victorious on Friday in his fight against Jose Ramirez, Jose “Sniper” Pedraza understands that he still has a chance to fight for a championship at 140-pounds.

Pedraza - who has a record of 29-4, with 14 knockouts - lost a twelve round unanimous decision to fellow former world champion Ramirez in Fresno, California. The fight was televised by ESPN.

However, all is not lost for Pedraza

At the moment, Scotland's Josh Taylor holds all four of the major titles at 140-pounds.

Taylor is planning to move up to the welterweight division for his next fight. He would vacate all four belts upon doing so - which turn will open up the WBC, IBF, WBA, WBO belts.

Once those belts are vacant, Pedraza hopes to find himself in a world title opportunity.

“That would benefit me. Opportunities open up. It is not the same as fighting with Taylor, who has all the titles and if you beat him you have all the titles. But if you take a loss, you lose a lot. If he goes up and leaves the titles vacant, we will have the opportunity to fight for any of them,” said Pedraza to Sara Hernandez.

There are still opportunities for Pedraza at 140 - a rematch with Jose Zepeda, a fight with Arnold Barboza or the incoming Teofimo Lopez.

Pedraza felt his fight with Ramirez was a little closer than what the judges saw. All three had it 116-112.

“I felt that I looked good. Maybe I should have thrown a little more punches. But I was very selective with my shots. He also didn't want to waste punches. In boxing I am always selective with my punches. But yeah, I should have thrown a little more than I did,” Pedraza admitted.

The 32-year-old fighter will rest and wait for the call from his promoter, Top Rank, regarding a new fight date.

“I am in the elite. I'm ready for whatever comes. If they are good fights, it doesn't matter. There is still opportunity for good fights," Pedraza said.