USD/JPY may fall to 146.50 - 149.00

Pivot

162.00

Our preference

Short positions below 162.00 with targets at 149.00 & 146.50 in extension.

Alternative scenario

Above 162.00 look for further upside with 164.60 & 166.90 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

166.90

164.60

162.00

152.96 Last

149.00

146.50

140.30

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