USD/JPY may fall 119 - 254 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

As long as the resistance at 145.00 is not surpassed, the risk of the break below 141.60 remains high.

Supports and resistances

147.70

146.60

145.00

142.79 Last

141.60

140.25

139.00

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