(08 September 2020)USD/JPY Watch 106.55.

Pivot
 (invalidation): 106.10
Our preference
Long positions above 106.10 with targets at 106.40 & 106.55 in extension.
Alternative scenario
Below 106.10 look for further downside with 105.95 & 105.80 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limited.

(By Swissquote TRADING CENTRAL)