(16 October 2020)USD/JPY Turning down.

Pivot
 (invalidation): 105.50
Our preference
Short positions below 105.50 with targets at 105.00 & 104.85 in extension.
Alternative scenario
Above 105.50 look for further upside with 105.65 & 105.80 as targets.
Comment
The RSI calls for a new downleg.

(By Swissquote TRADING CENTRAL)