(06 October 2020)USD/JPY Key resistance at 105.80.

 

Pivot
 (invalidation): 105.80
Our preference
Short positions below 105.80 with targets at 105.50 & 105.40 in extension.
Alternative scenario
Above 105.80 look for further upside with 106.00 & 106.15 as targets.
Comment
As Long as the resistance at 105.80 is not surpassed, the risk of the break below 105.50
remains high.

(By Swissquote TRADING CENTRAL)