USD/JPY may fall 109 - 154 pips

Pivot

146.20

Our preference

Short positions below 146.20 with targets at 144.95 & 144.50 in extension.

Alternative scenario

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

Comment

The RSI is mixed.

Supports and resistances

147.30

146.80

146.20

146.04 Last

144.95

144.50

144.00

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