USD/JPY may fall 114 - 289 pips

Pivot

145.40

Our preference

Short positions below 145.40 with targets at 142.00 & 140.25 in extension.

Alternative scenario

Above 145.40 look for further upside with 146.60 & 147.70 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

147.70

146.60

145.40

143.14 Last

142.00

140.25

139.00

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