USD/JPY may fall 152 - 252 pips

Pivot

146.60

Our preference

Short positions below 146.60 with targets at 143.50 & 142.50 in extension.

Alternative scenario

Above 146.60 look for further upside with 147.40 & 148.50 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

148.50

147.40

146.60

145.02 Last

143.50

142.50

142.00

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