USD/JPY may fall 30 - 60 pips

Pivot

149.65

Our preference

Short positions below 149.65 with targets at 148.85 & 148.55 in extension.

Alternative scenario

Above 149.65 look for further upside with 150.00 & 150.30 as targets.

Comment

The RSI calls for a new downleg.

Supports and resistances

150.30

150.00

149.65

149.15 Last

148.85

148.55

148.25

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