USD/JPY may fall 89 - 164 pips

Intraday: key resistance at 144.70.

Pivot

144.70

Our preference

Short positions below 144.70 with targets at 143.15 & 142.40 in extension.

Alternative scenario

Above 144.70 look for further upside with 145.35 & 145.90 as targets.

Comment

As long as the resistance at 144.70 is not surpassed, the risk of the break below 143.15 remains high.

Supports and resistances

145.90

145.35

144.70

144.04 Last

143.15

142.40

141.70

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

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