USD/JPY may fall to 152.70 - 154.50

Pivot

162.00

Our preference

Short positions below 162.00 with targets at 154.50 & 152.70 in extension.

Alternative scenario

Above 162.00 look for further upside with 163.90 & 165.80 as targets.

Comment

The RSI is below its neutrality area at 50%

Supports and resistances

165.80

163.90

162.00

156.47 Last

154.50

152.70

150.00

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