USD/JPY may fall 48 - 88 pips

Pivot

147.50

Our preference

Short positions below 147.50 with targets at 146.40 & 146.00 in extension.

Alternative scenario

Above 147.50 look for further upside with 147.90 & 148.20 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

148.20

147.90

147.50

146.88 Last

146.40

146.00

145.60

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