USD/JPY may fall 67 - 101 pips

Our pivot point stands at 144.20.

Our preference

Technical rebound towards 144.20 before a new drop.

Alternative scenario

Above 144.20, look for 144.76 and 145.10.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above its 20 period moving average (143.21) but under its 50 period moving average (144.04).

Supports and resistances

145.10 **

144.76 *

144.20 **

143.98

143.75 last

143.08

142.74 **

142.41 *

142.07 **

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