USD/JPY may fall 47 - 97 pips

Pivot

142.00

Our preference

Short positions below 142.00 with targets at 140.85 & 140.35 in extension.

Alternative scenario

Above 142.00 look for further upside with 142.45 & 143.00 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

143.00

142.45

142.00

141.32 Last

140.85

140.35

139.75

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