USD/JPY may fall 50 - 85 pips

Intraday: under pressure.

Pivot

153.05

Our preference

Short positions below 153.05 with targets at 151.80 & 151.45 in extension.

Alternative scenario

Above 153.05 look for further upside with 153.55 & 153.85 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

153.85

153.55

153.05

152.30 Last

151.80

151.45

151.00

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

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