USD/JPY may fall 85 - 135 pips

Pivot

153.50

Our preference

Short positions below 153.50 with targets at 151.50 & 151.00 in extension.

Alternative scenario

Above 153.50 look for further upside with 154.15 & 154.90 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

154.90

154.15

153.50

152.35 Last

151.50

151.00

150.50

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