USD/JPY may fall 65 - 100 pips

Pivot

141.40

Our preference

Short positions below 141.40 with targets at 140.00 & 139.65 in extension.

Alternative scenario

Above 141.40 look for further upside with 141.90 & 142.30 as targets.

Comment

As long as 141.40 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

142.30

141.90

141.40

140.65 Last

140.00

139.65

139.00

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