USD/JPY may fall 181 - 271 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 150.30 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

152.10

151.25

150.30

149.71 Last

147.90

147.00

146.50

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