(11 JUNE 2020)USD/JPY Capped by a negative trend line.

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<p>Pivot</p>
<p>&nbsp;(invalidation): 107.30 Our preference</p>
<p>Short positions below 107.30 with targets at 106.75 &amp; 106.50 in extension.</p>
<p>Alternative scenario</p>
<p>Above 107.30 look for further upside with 107.60 &amp; 107.90 as targets.</p>

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