EUR/JPY may fall 58 - 98 pips

Pivot

169.70

Our preference

Short positions below 169.70 with targets at 168.40 & 168.00 in extension.

Alternative scenario

Above 169.70 look for further upside with 170.10 & 170.45 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

170.45

170.10

169.70

168.98 Last

168.40

168.00

167.70

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