USD/JPY may fall 108 - 248 pips

Pivot

147.50

Our preference

Short positions below 147.50 with targets at 144.90 & 143.50 in extension.

Alternative scenario

Above 147.50 look for further upside with 148.50 & 149.20 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

149.20

148.50

147.50

145.98 Last

144.90

143.50

142.00

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