USD/JPY may fall 77 - 137 pips

Pivot

148.70

Our preference

Short positions below 148.70 with targets at 147.20 & 146.60 in extension.

Alternative scenario

Above 148.70 look for further upside with 149.35 & 150.00 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

150.00

149.35

148.70

147.97 Last

147.20

146.60

146.10

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