(30 JULY 2020)USD/JPY Key resistance at 105.20.

<p>Pivot</p>
<p>&nbsp;(invalidation): 105.20 Our preference</p>
<p>Short positions below 105.20 with targets at 104.75 &amp; 104.45 in extension.</p>
<p>Alternative scenario</p>
<p>Above 105.20 look for further upside with 105.45 &amp; 105.70 as targets.</p>

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