USD/JPY may fall to 141.70 - 146.50

Pivot

152.00

Our preference

Short positions below 152.00 with targets at 146.50 & 141.70 in extension.

Alternative scenario

Above 152.00 look for further upside with 157.65 & 161.75 as targets.

Comment

The RSI lacks upward momentum.

Supports and resistances

161.75

157.65

152.00

149.53 Last

146.50

141.70

139.60

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