Should price action for the USDJPY remain inside the 107.40 to 104.60 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 107.50
• Take Profit Zone: 105.10 – 105.30
• Stop Loss Level: 108.70

Should price action for the USDJPY breakdown below 107.40 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 105.10 – 105.30
• Stop Loss Level: 108.70

Should price action for the USDJPY breakout above 107.60 the following trade set-up is recommended:

• Timeframe H4
• Recommendation: Long Position
• Entry Level: Long Position @ 107.70
• Take Profit Zone: 109.40 – 109.70
• Stop Loss Level: 106.80

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