USD/JPY may fall 29 - 69 pips

Pivot

157.75

Our preference

Short positions below 157.75 with targets at 157.00 & 156.60 in extension.

Alternative scenario

Above 157.75 look for further upside with 158.15 & 158.50 as targets.

Comment

The RSI calls for a drop.

Supports and resistances

158.50

158.15

157.75

157.29 Last

157.00

156.60

156.15

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