(11 MAY 2020)USD/JPY Bullish bias above 106.60.

Pivot
 (invalidation): 106.60
Our preference
Long positions above 106.60 with targets at 107.00 & 107.15 in extension.
Alternative scenario
Below 106.60 look for further downside with 106.35 & 106.20 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)