USD/JPY may fall 55 - 115 pips

Pivot

141.25

Our preference

Short positions below 141.25 with targets at 140.15 & 139.55 in extension.

Alternative scenario

Above 141.25 look for further upside with 141.70 & 142.20 as targets.

Comment

As long as the resistance at 141.25 is not surpassed, the risk of the break below 140.15 remains high.

Supports and resistances

142.20

141.70

141.25

140.70 Last

140.15

139.55

139.25

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