USD/JPY may fall 76 - 110 pips

Our pivot point stands at 157.40.

Our preference

Eye 155.83.

Alternative scenario

Above 157.40, look for 157.98 and 158.32.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is below its 20 period moving average (157.06) but above its 50 period moving average (156.90).

Supports and resistances

158.32 **

157.98 *

157.40 **

157.17

156.93 last

156.17

155.83 **

155.49 *

155.15 **

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