USD/JPY may fall 79 - 149 pips

Pivot

151.00

Our preference

Short positions below 151.00 with targets at 149.20 & 148.50 in extension.

Alternative scenario

Above 151.00 look for further upside with 151.60 & 152.20 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

152.20

151.60

151.00

149.99 Last

149.20

148.50

148.00

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