(22 December 2020)USD/JPY Rebound expected.

 
Pivot
 (invalidation): 103.25
Our preference
Long positions above 103.25 with targets at 103.60 & 103.75 in extension.
Alternative scenario
Below 103.25 look for further downside with 103.15 & 103.00 as targets.
Comment
A support base at 103.25 has formed and has allowed for a temporary stabilisation.

(By Swissquote TRADING CENTRAL)