• Caution across markets ahead of the outcome of the US elections later today.
   
• USD/JPY snapped a two-day winning streak, remains subdued, trading in a narrow range.


• Our previous call (http://www.econotimes.com/FxWirePro-USD-JPY-extends-gains-above-104-handle-after-gap-up-open-intraday-bias-higher-386368) has achieved TP1. 
   
• We recommend exiting at highs, as elections could see high volatility.
   
• Major support levels - 104.26 (110-EMA), 104.05 (20-DMA), 103.65 (5-DMA), 103, 102.55 (Nov 3rd low)
   
• Major resistance levels - 104.63 (Double top Nov 7 & Oct 13), 104.87 (Oct 25 high), 105.25 (trendline).