Should price action for the USDJPY remain inside the 119.250 to 120.250 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 119.300
• Take Profit Zone: 116.250 – 116.750
• Stop Loss Level: 122.000

Should price action for the USDJPY breakdown below 119.250 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: 116.250 – 116.750
• Stop Loss Level: 122.000

Should price action for the USDJPY breakout above 120.250 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 120.500
• Take Profit Zone: 122.000 – 122.500
• Stop Loss Level: 120.250

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