USD/JPY may fall 33 - 78 pips

Pivot

144.40

Our preference

Short positions below 144.40 with targets at 143.45 & 143.00 in extension.

Alternative scenario

Above 144.40 look for further upside with 144.80 & 145.15 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

145.15

144.80

144.40

143.78 Last

143.45

143.00

142.40

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