EUR/JPY may fall 54 - 109 pips

Pivot

167.45

Our preference

Short positions below 167.45 with targets at 166.15 & 165.60 in extension.

Alternative scenario

Above 167.45 look for further upside with 168.00 & 168.80 as targets.

Comment

The RSI advocates for further decline.

Supports and resistances

168.80

168.00

167.45

166.69 Last

166.15

165.60

165.00

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