USD/JPY may fall 39 - 74 pips

Pivot

161.10

Our preference

Short positions below 161.10 with targets at 160.25 & 159.90 in extension.

Alternative scenario

Above 161.10 look for further upside with 161.45 & 161.75 as targets.

Comment

The RSI has broken down its 30 level.

Supports and resistances

161.75

161.45

161.10

160.64 Last

160.25

159.90

159.60

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