USD/JPY may fall 49 - 94 pips

Pivot

142.00

Our preference

Short positions below 142.00 with targets at 141.20 & 140.75 in extension.

Alternative scenario

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

Comment

As long as the resistance at 142.00 is not surpassed, the risk of the break below 141.20 remains high.

Supports and resistances

143.00

142.45

142.00

141.69 Last

141.20

140.75

140.35

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