Forex

USD/JPY may fall to 140.25 - 141.70

2024-08-28

Pivot

152.00

Our preference

Short positions below 152.00 with targets at 141.70 & 140.25 in extension.

Alternative scenario

Above 152.00 look for further upside with 155.00 & 157.75 as targets.

Comment

Technically the RSI is below its neutrality area at 50.

Supports and resistances

157.75

155.00

152.00

144.38 Last

141.70

140.25

137.70

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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