USD/JPY may fall 91 - 135 pips

Our pivot point is at 150.18.

Our preference

The downside prevails as long as 150.18 is resistance.

Alternative scenario

Above 150.18, look for 150.93 and 151.37.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 149.75 and 149.94).

Supports and resistances

151.37 **

150.93 *

150.18 **

149.89

149.50 last

148.59

148.15 **

147.70 *

147.26 **

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