USD/JPY may fall 66 - 141 pips

Pivot

144.70

Our preference

Short positions below 144.70 with targets at 143.15 & 142.40 in extension.

Alternative scenario

Above 144.70 look for further upside with 145.35 & 145.85 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

145.85

145.35

144.70

143.81 Last

143.15

142.40

141.70

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