USD/JPY may fall 86 - 166 pips

Pivot

146.20

Our preference

Short positions below 146.20 with targets at 144.50 & 143.70 in extension.

Alternative scenario

Above 146.20 look for further upside with 146.80 & 147.30 as targets.

Comment

As long as the resistance at 146.20 is not surpassed, the risk of the break below 144.50 remains high.

Supports and resistances

147.30

146.80

146.20

145.36 Last

144.50

143.70

143.30

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