USD/JPY may fall 24 - 59 pips

Pivot

149.05

Our preference

Short positions below 149.05 with targets at 148.35 & 148.00 in extension.

Alternative scenario

Above 149.05 look for further upside with 149.30 & 149.55 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

149.55

149.30

149.05

148.59 Last

148.35

148.00

147.55

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