USD/JPY may fall 35 - 85 pips

Pivot

145.00

Our preference

Short positions below 145.00 with targets at 144.20 & 143.70 in extension.

Alternative scenario

Above 145.00 look for further upside with 145.45 & 145.90 as targets.

Comment

As long as 145.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

145.90

145.45

145.00

144.55 Last

144.20

143.70

143.40

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