USD/JPY may fall 23 - 53 pips

Pivot

156.65

Our preference

Short positions below 156.65 with targets at 155.85 & 155.55 in extension.

Alternative scenario

Above 156.65 look for further upside with 157.00 & 157.25 as targets.

Comment

The break below the support at 156.65 triggered a downward acceleration to 155.55.

Supports and resistances

157.25

157.00

156.65

156.08 Last

155.85

155.55

15.25

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