USD/JPY may fall 21 - 51 pips

Pivot

149.45

Our preference

Short positions below 149.45 with targets at 148.85 & 148.55 in extension.

Alternative scenario

Above 149.45 look for further upside with 149.80 & 150.00 as targets.

Comment

The break below 149.45 is a negative signal that has opened a path to 148.85.

Supports and resistances

150.00

149.80

149.45

149.06 Last

148.85

148.55

148.35

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