USD/JPY may fall 36 - 81 pips

Pivot

145.80

Our preference

Short positions below 145.80 with targets at 144.90 & 144.45 in extension.

Alternative scenario

Above 145.80 look for further upside with 146.25 & 146.60 as targets.

Comment

The upward potential is likely to be limited by the resistance at 145.80.

Supports and resistances

146.60

146.25

145.80

145.26 Last

144.90

144.45

143.80

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