USD/JPY may fall 39 - 69 pips

Pivot

149.80

Our preference

Short positions below 149.80 with targets at 148.85 & 148.55 in extension.

Alternative scenario

Above 149.80 look for further upside with 150.10 & 150.30 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

150.30

150.10

149.80

149.24 Last

148.85

148.55

148.25

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