Should price action for the USDJPY remain inside the 119.000 to 119.500 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 119.300
• Take Profit Zone: 121.000 – 121.500
• Stop Loss Level: 118.500

Should price action for the USDJPY breakout above 119.500 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 121.000 – 121.500
• Stop Loss Level: 118.500

Should price action for the USDJPY breakdown below 119.000 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 118.700
• Take Profit Zone: 117.500 – 118.000
• Stop Loss Level: 119.500

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