(12 March 2020)USD/JPY The downside prevails.

Pivot
 (invalidation): 104.15
Our preference
Short positions below 104.15 with targets at 102.80 & 102.00 in extension.
Alternative scenario
Above 104.15 look for further upside with 104.70 & 105.10 as targets.
Comment
As Long as the resistance at 104.15 is not surpassed, the risk of the break below 102.80
remains high.

(By Swissquote TRADING CENTRAL)