USD/JPY may fall 35 - 70 pips

Pivot

149.95

Our preference

Short positions below 149.95 with targets at 149.20 & 148.85 in extension.

Alternative scenario

Above 149.95 look for further upside with 150.30 & 150.60 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

150.60

150.30

149.95

149.55 Last

149.20

148.85

148.40

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