USD/JPY may fall 61 - 96 pips

Pivot

156.60

Our preference

Short positions below 156.60 with targets at 155.45 & 155.10 in extension.

Alternative scenario

Above 156.60 look for further upside with 156.90 & 157.15 as targets.

Comment

The break below 156.60 is a negative signal that has opened a path to 155.45.

Supports and resistances

157.15

156.90

156.60

156.06 Last

155.45

155.10

154.50

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