USD/JPY Intraday: under pressure.

Pivot: 157.95

Our preference: short positions below 157.95 with targets at 157.00 & 156.75 in extension.

Alternative scenario: above 157.95 look for further upside with 158.25 & 158.55 as targets.

Comment: as long as 157.95 is resistance, look for choppy price action with a bearish bias.

Supports and resistances:

158.55

158.25

157.95

157.40 Last

157.00

156.75

156.50