USD/JPY may fall 48 - 78 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

As long as the resistance at 150.30 is not surpassed, the risk of the break below 149.50 remains high.

Supports and resistances

150.75

150.50

150.30

149.98 Last

149.50

149.20

148.90

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