(10 August 2020)USD/JPY Caution.

Pivot
 (invalidation): 105.70
Our preference
Long positions above 105.70 with targets at 105.95 & 106.10 in extension.
Alternative scenario
Below 105.70 look for further downside with 105.50 & 105.35 as targets.
Comment
A support base at 105.70 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)