(03 JULY 2020)USD/JPY Under pressure.

<p>Pivot</p>
<p>&nbsp;(invalidation): 107.65 Our preference</p>
<p>Short positions below 107.65 with targets at 107.40 &amp; 107.30 in extension.</p>
<p>Alternative scenario</p>
<p>Above 107.65 look for further upside with 107.80 &amp; 108.00 as targets.</p>

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