USD/JPY may fall 23 - 53 pips.

USD/JPY may fall 23 - 53 pips.

Pivot 159.50
Our preference : Short positions below 159.50 with targets at 158.85 & 158.55 in extension.

Alternative scenario Above 159.50 look for further upside with 159.70 & 159.90 as targets.

Comment : As long as 159.50 is resistance, look for choppy price action with a bearish bias.