USD/JPY may fall 39 - 129 pips

Pivot

153.45

Our preference

Short positions below 153.45 with targets at 151.90 & 151.00 in extension.

Alternative scenario

Above 153.45 look for further upside with 154.30 & 155.20 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

155.20

154.30

153.45

152.29 Last

151.90

151.00

150.00

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