USD/JPY may fall 68 - 133 pips

Pivot

145.80

Our preference

Short positions below 145.80 with targets at 144.45 & 143.80 in extension.

Alternative scenario

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

Comment

As long as the resistance at 145.80 is not surpassed, the risk of the break below 144.45 remains high.

Supports and resistances

146.60

146.25

145.80

145.13 Last

144.45

143.80

143.20

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