USD/JPY may fall 20 - 55 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

A break below 151.50 would trigger a drop towards 151.15.

Supports and resistances

152.80

152.50

152.20

151.70 Last

151.50

151.15

150.65

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