USD/JPY may fall 26 - 56 pips

Pivot

160.85

Our preference

Short positions below 160.85 with targets at 160.30 & 160.00 in extension.

Alternative scenario

Above 160.85 look for further upside with 161.25 & 161.50 as targets.

Comment

The break below 160.85 is a negative signal that has opened a path to 160.30.

Supports and resistances

161.50

161.25

160.85

160.56 Last

160.30

160.00

159.75

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