USD/JPY may fall 17 - 67 pips

Pivot

152.45

Our preference

Short positions below 152.45 with targets at 151.70 & 151.20 in extension.

Alternative scenario

Above 152.45 look for further upside with 152.80 & 153.30 as targets.

Comment

The RSI is bearish and calls for further downside.

Supports and resistances

153.30

152.80

152.45

151.87 Last

151.70

151.20

150.60

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