(22 April 2020)USD/JPY The bias remains bullish.

Pivot
 (invalidation): 107.60
Our preference
Long positions above 107.60 with targets at 107.85 & 107.95 in extension.
Alternative scenario
Below 107.60 look for further downside with 107.50 & 107.35 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)