USD/JPY may fall 64 - 154 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

A break below 151.90 would trigger a drop towards 151.00.

Supports and resistances

155.20

154.30

153.45

152.54 Last

151.90

151.00

150.00

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