USD/JPY may fall to 137.70 - 140.25

Pivot

161.75

Our preference

Short positions below 161.75 with targets at 140.25 & 137.70 in extension.

Alternative scenario

Above 161.75 look for further upside with 170.00 & 181.75 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

181.75

170.00

161.75

144.38 Last

140.25

137.70

130.00

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