USD/JPY may fall 16 - 41 pips

Pivot

157.60

Our preference

Short positions below 157.60 with targets at 157.15 & 156.90 in extension.

Alternative scenario

Above 157.60 look for further upside with 157.75 & 158.00 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

158.00

157.75

157.60

157.31 Last

157.15

156.90

156.60

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