USD/JPY may fall 35 - 65 pips

Pivot

149.00

Our preference

Short positions below 149.00 with targets at 148.30 & 148.00 in extension.

Alternative scenario

Above 149.00 look for further upside with 149.30 & 149.55 as targets.

Comment

As long as 149.00 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

149.55

149.30

149.00

148.65 Last

148.30

148.00

147.70

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