USD/JPY may fall 53 - 93 pips

Pivot

147.20

Our preference

Short positions below 147.20 with targets at 146.00 & 145.60 in extension.

Alternative scenario

Above 147.20 look for further upside with 147.50 & 147.90 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

147.90

147.50

147.20

146.53 Last

146.00

145.60

145.10

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