(07 August 2020)USD/JPY The upside prevails.

Pivot
 (invalidation): 105.40
Our preference
Long positions above 105.40 with targets at 105.70 & 105.85 in extension.
Alternative scenario
Below 105.40 look for further downside with 105.25 & 105.00 as targets.
Comment
The RSI lacks downward momentum.

(By Swissquote TRADING CENTRAL)