USD/JPY may fall 64 - 94 pips

Pivot

155.85

Our preference

Short positions below 155.85 with targets at 154.85 & 154.55 in extension.

Alternative scenario

Above 155.85 look for further upside with 156.10 & 156.40 as targets.

Comment

The break below 155.85 is a negative signal that has opened a path to 154.85.

Supports and resistances

156.40

156.10

155.85

155.49 Last

154.85

154.55

154.30

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