USD/JPY may fall 13 - 53 pips

Pivot

148.75

Our preference

Short positions below 148.75 with targets at 148.00 & 147.60 in extension.

Alternative scenario

Above 148.75 look for further upside with 149.40 & 150.00 as targets.

Comment

The break below 148.75 is a negative signal that has opened a path to 148.00.

Supports and resistances

150.00

149.40

148.75

148.13 Last

148.00

147.60

147.10

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