USD/JPY may fall 69 - 204 pips

Pivot

145.00

Our preference

Short positions below 145.00 with targets at 141.60 & 140.25 in extension.

Alternative scenario

Above 145.00 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

145.00

142.29 Last

141.60

140.25

139.00

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