(07 December 2020)USD/JPY Watch 103.65.

Pivot
 (invalidation): 104.25
Our preference
Short positions below 104.25 with targets at 103.80 & 103.65 in extension.
Alternative scenario
Above 104.25 look for further upside with 104.40 & 104.55 as targets.
Comment
The RSI is bearish and calls for further decline.

(By Swissquote TRADING CENTRAL)