USD/JPY may fall 150 - 240 pips

Pivot

150.30

Our preference

Short positions below 150.30 with targets at 147.90 & 147.00 in extension.

Alternative scenario

Above 150.30 look for further upside with 151.25 & 152.10 as targets.

Comment

As long as the resistance at 150.30 is not surpassed, the risk of the break below 147.90 remains high.

Supports and resistances

152.10

151.25

150.30

149.40 Last

147.90

147.00

146.50

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