Should price action for the USDJPY remain inside the 117.500 to 118.00 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 117.800
• Take Profit Zone: 105.200 – 109.200
• Stop Loss Level: 120.000

Should price action for the USDJPY breakdown below 117.500 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: 105.200 – 109.200
• Stop Loss Level: 120.000

Should price action for the USDJPY breakout above 118.00 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 118.200
• Take Profit Zone: 119.700 – 120.00
• Stop Loss Level: 117.500

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