(29 December 2020)USD/JPY Turning down.

Pivot
 (invalidation): 103.90
Our preference
Short positions below 103.90 with targets at 103.50 & 103.35 in extension.
Alternative scenario
Above 103.90 look for further upside with 104.00 & 104.10 as targets.
Comment
The RSI shows downside momentum.

(By Swissquote TRADING CENTRAL)