USD/JPY may fall 40 - 70 pips

Pivot

150.30

Our preference

Short positions below 150.30 with targets at 149.50 & 149.20 in extension.

Alternative scenario

Above 150.30 look for further upside with 150.50 & 150.75 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

150.75

150.50

150.30

149.90 Last

149.50

149.20

148.90

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