USD/JPY may fall 116 - 186 pips

Pivot

150.30

Our preference

Short positions below 150.30 with targets at 148.50 & 147.80 in extension.

Alternative scenario

Above 150.30 look for further upside with 151.00 & 152.10 as targets.

Comment

The upward potential is likely to be limited by the resistance at 150.30.

Supports and resistances

152.10

151.00

150.30

149.66 Last

148.50

147.80

147.30

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