(23 October 2020)USD/JPY Caution.

Pivot
 (invalidation): 104.65
Our preference
Long positions above 104.65 with targets at 104.95 & 105.15 in extension.
Alternative scenario
Below 104.65 look for further downside with 104.45 & 104.30 as targets.
Comment
A support base at 104.65 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)