Upwards scenario: USDJPY established medium-term negative bias and currently trying to recover initial losses. If the price manages to break resistive measure at 159.16 (R1), we would suggest next target zone from 159.49 (R2) onto 159.81 (R3) price levels. Downwards scenario: Risk of price regress is seen below the support level at 158.88 (S1). Break here would suggest lower targets at 158.55 (S2) and 158.22 (S3) in potential.

Resistance Levels: 159.16 159.49, 159.81

Support Levels: 158.88, 158.55, 158.22