(10 JULY 2020)USD/JPY Watch 106.75.

<p>Pivot</p>
<p>&nbsp;(invalidation): 107.25 Our preference</p>
<p>Short positions below 107.25 with targets at 106.90 &amp; 106.75 in extension.</p>
<p>Alternative scenario</p>
<p>Above 107.25 look for further upside with 107.35 &amp; 107.45 as targets.</p>

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