USD/JPY may fall 57 - 112 pips

Pivot

155.35

Our preference

Short positions below 155.35 with targets at 153.80 & 153.25 in extension.

Alternative scenario

Above 155.35 look for further upside with 155.95 & 156.50 as targets.

Comment

The immediate trend remains down and the momentum is strong.

Supports and resistances

156.50

155.95

155.35

154.37 Last

153.80

153.25

152.85

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