USD/JPY may fall 64 - 119 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 break below 155.35 is a negative signal that has opened a path to 153.80.

Supports and resistances

156.50

155.95

155.35

154.44 Last

153.80

153.25

152.85

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