USD/JPY may fall 41 - 81 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 is bearish and calls for further decline.

Supports and resistances

148.20

147.90

147.50

146.81 Last

146.40

146.00

145.60

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