USD/JPY may fall 74 - 144 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

As long as 150.30 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

152.10

151.00

150.30

149.24 Last

148.50

147.80

147.30

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