USD/JPY may fall 56 - 101 pips

Pivot

156.00

Our preference

Short positions below 156.00 with targets at 154.60 & 154.15 in extension.

Alternative scenario

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

Comment

The break below 156.00 is a negative signal that has opened a path to 154.60.

Supports and resistances

156.70

156.45

156.00

155.16 Last

154.60

154.15

153.80

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