USD/JPY may fall 36 - 71 pips

Pivot

152.20

Our preference

Short positions below 152.20 with targets at 151.50 & 151.15 in extension.

Alternative scenario

Above 152.20 look for further upside with 152.50 & 152.80 as targets.

Comment

As long as 152.20 is resistance, look for choppy price action with a bearish bias.

Supports and resistances

152.80

152.50

152.20

151.86 Last

151.50

151.15

150.65

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