USD/JPY may fall 65 - 165 pips

Pivot

152.10

Our preference

Short positions below 152.10 with targets at 150.00 & 149.00 in extension.

Alternative scenario

Above 152.10 look for further upside with 153.15 & 153.80 as targets.

Comment

A break below 150.00 would trigger a drop towards 149.00.

Supports and resistances

153.80

153.15

152.10

150.65 Last

150.00

149.00

148.50

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