USD/JPY may fall to 137.70 - 140.25

Pivot

147.25

Our preference

Short positions below 147.25 with targets at 140.25 & 137.70 in extension.

Alternative scenario

Above 147.25 look for further upside with 149.35 & 152.00 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

152.00

149.35

147.25

141.40 Last

140.25

137.70

133.65

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