Should price action for the USDJPY remain inside the 103.60 to 103.90 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 103.70
- Take Profit Zone: 100.80 – 101.10
- Stop Loss Level: 105.20
Should price action for the USDJPY breakdown below 101.60 the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 100.80 – 101.10
- Stop Loss Level: 105.20
Should price action for the USDJPY breakout above 101.90 the following trade set-up is recommended:
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 102.00
- Take Profit Zone: 103.20 – 103.50
- Stop Loss Level: 101.30
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