USD/JPY may fall 33 - 63 pips

Pivot

158.80

Our preference

Short positions below 158.80 with targets at 158.00 & 157.70 in extension.

Alternative scenario

Above 158.80 look for further upside with 159.10 & 159.40 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

159.40

159.10

158.80

158.33 Last

158.00

157.70

157.40

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