Should price action for the USDJPY remain inside the 120.250 to 120.750 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 120.400
• Take Profit Zone: 116.250 – 116.750
• Stop Loss Level: 122.000

Should price action for the USDJPY breakdown below 120.250 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: 116.250 – 116.750
• Stop Loss Level: 122.000

Should price action for the USDJPY breakout above 120.750 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 121.000
• Take Profit Zone: 122.000 – 122.500
• Stop Loss Level: 120.250

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