USD/JPY may fall to 141.70 - 146.50

Pivot

154.80

Our preference

Short positions below 154.80 with targets at 146.50 & 141.70 in extension.

Alternative scenario

Above 154.80 look for further upside with 157.65 & 161.75 as targets.

Comment

The RSI is mixed and calls for caution.

Supports and resistances

161.75

157.65

154.80

152.35 Last

146.50

141.70

139.60

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