USD/JPY may fall 174 - 324 pips

Pivot

147.50

Our preference

Short positions below 147.50 with targets at 143.50 & 142.00 in extension.

Alternative scenario

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

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

149.20

148.50

147.50

145.24 Last

143.50

142.00

140.25

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