USD/JPY may fall 133 - 203 pips

Pivot

141.00

Our preference

Short positions below 141.00 with targets at 138.70 & 138.00 in extension.

Alternative scenario

Above 141.00 look for further upside with 141.80 & 142.40 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

142.40

141.80

141.00

140.03 Last

138.70

138.00

137.10

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