(16 March 2020)USD/JPY Choppy.

Pivot
 (invalidation): 106.40
Our preference
Long positions above 106.40 with targets at 107.60 & 108.00 in extension.
Alternative scenario
Below 106.40 look for further downside with 105.80 & 105.10 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)