USD/JPY may fall to 140.25 - 141.70

Pivot

154.00

Our preference

Short positions below 154.00 with targets at 141.70 & 140.25 in extension.

Alternative scenario

Above 154.00 look for further upside with 157.75 & 161.75 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

161.75

157.75

154.00

147.35 Last

141.70

140.25

137.70

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