USD/JPY may fall 44 - 79 pips

Pivot

146.20

Our preference

Short positions below 146.20 with targets at 145.20 & 144.85 in extension.

Alternative scenario

Above 146.20 look for further upside with 146.50 & 146.80 as targets.

Comment

A break below 145.20 would trigger a drop towards 144.85.

Supports and resistances

146.80

146.50

146.20

145.64 Last

145.20

144.85

144.50

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