USD/JPY may fall 54 - 89 pips

Pivot

159.80

Our preference

Short positions below 159.80 with targets at 159.00 & 158.65 in extension.

Alternative scenario

Above 159.80 look for further upside with 160.00 & 160.25 as targets.

Comment

The RSI shows downside momentum.

Supports and resistances

160.25

160.00

159.80

159.54 Last

159.00

158.65

158.25

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