USD/JPY may fall 45 - 85 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

As long as the resistance at 157.75 is not surpassed, the risk of the break below 157.00 remains high.

Supports and resistances

158.50

158.15

157.75

157.45 Last

157.00

156.60

156.15

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