(23 JULY 2020)USD/JPY Bullish bias above 107.05.

<p>Pivot</p>
<p>&nbsp;(invalidation): 107.05 Our preference</p>
<p>Long positions above 107.05 with targets at 107.20 &amp; 107.30 in extension.</p>
<p>Alternative scenario</p>
<p>Below 107.05 look for further downside with 106.90 &amp; 106.75 as targets.</p>