USD/JPY may fall 31 - 61 pips

Pivot

144.75

Our preference

Short positions below 144.75 with targets at 144.20 & 143.90 in extension.

Alternative scenario

Above 144.75 look for further upside with 145.05 & 145.30 as targets.

Comment

The upward potential is likely to be limited by the resistance at 144.75.

Supports and resistances

145.30

145.05

144.75

144.51 Last

144.20

143.90

143.65

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