USD/JPY may fall 45 - 80 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 the resistance at 152.20 is not surpassed, the risk of the break below 151.50 remains high.

Supports and resistances

152.80

152.50

152.20

151.95 Last

151.50

151.15

150.65

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