USD/JPY may fall 41 - 81 pips

Pivot

156.10

Our preference

Short positions below 156.10 with targets at 155.00 & 154.60 in extension.

Alternative scenario

Above 156.10 look for further upside with 156.60 & 157.10 as targets.

Comment

A break below 155.00 would trigger a drop towards 154.60.

Supports and resistances

157.10

156.60

156.10

155.41 Last

155.00

154.60

154.20

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