USD/JPY may fall 75 - 106 pips.

USD/JPY may fall 75 - 106 pips.

Our pivot point is at 159.47.

Our preference : The downside prevails as long as 159.47 is resistance Alternative scenario Above 159.47, look for 159.97 and 160.28.

Comment : The RSI is below its neutrality area at 50.

The MACD is below its signal line and negative.

The configuration is negative.

Moreover, the price stands below its 20 and 50 period moving average (respectively at 159.11 and 159.17).