USD/JPY may fall 28 - 48 pips

Pivot

161.75

Our preference

Short positions below 161.75 with targets at 161.35 & 161.15 in extension.

Alternative scenario

Above 161.75 look for further upside with 162.00 & 162.20 as targets.

Comment

Intraday technical indicators are mixed and call for caution.

Supports and resistances

162.20

162.00

161.75

161.63 Last

161.35

161.15

160.90

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