(09 December 2020)USD/JPY The bias remains bullish.

Pivot
 (invalidation): 103.90
Our preference
Long positions above 103.90 with targets at 104.30 & 104.50 in extension.
Alternative scenario
Below 103.90 look for further downside with 103.75 & 103.60 as targets.
Comment
Even though a continuation of the consolidation cannot be ruled out, its extent should be
limite

(By Swissquote TRADING CENTRAL)