USD/JPY may fall 41 - 66 pips

Pivot

149.60

Our preference

Short positions below 149.60 with targets at 148.85 & 148.60 in extension.

Alternative scenario

Above 149.60 look for further upside with 150.00 & 150.30 as targets.

Comment

The upward potential is likely to be limited by the resistance at 149.60.

Supports and resistances

150.30

150.00

149.60

149.26 Last

148.85

148.60

148.30

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