USD/JPY may fall 95 - 135 pips

Pivot

147.20

Our preference

Short positions below 147.20 with targets at 145.40 & 145.00 in extension.

Alternative scenario

Above 147.20 look for further upside with 147.90 & 148.50 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

148.50

147.90

147.20

146.35 Last

145.40

145.00

144.20

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