USD/JPY may fall 56 - 96 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

Intraday technical indicators are mixed and call for caution.

Supports and resistances

158.50

158.15

157.75

157.56 Last

157.00

156.60

156.15

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