USD/JPY may fall 26 - 61 pips

Pivot

158.00

Our preference

Short positions below 158.00 with targets at 157.55 & 157.20 in extension.

Alternative scenario

Above 158.00 look for further upside with 158.25 & 158.50 as targets.

Comment

The RSI is bearish and calls for further decline.

Supports and resistances

158.50

158.25

158.00

157.81 Last

157.55

157.20

156.85

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