USD/JPY may fall 54 - 74 pips

Pivot

156.00

Our preference

Short positions below 156.00 with targets at 154.80 & 154.60 in extension.

Alternative scenario

Above 156.00 look for further upside with 156.45 & 156.70 as targets.

Comment

The break below the support at 156.00 triggered a downward acceleration to 154.60.

Supports and resistances

156.70

156.45

156.00

155.34 Last

154.80

154.60

154.30

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