USD/JPY may fall 61 - 101 pips

Intraday: the downside prevails.

Pivot

146.90

Our preference

Short positions below 146.90 with targets at 145.40 & 145.00 in extension.

Alternative scenario

Above 146.90 look for further upside with 147.30 & 147.90 as targets.

Comment

As long as the resistance at 146.90 is not surpassed, the risk of the break below 145.40 remains high.

Supports and resistances

147.90

147.30

146.90

146.01 Last

145.40

145.00

144.20

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

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