Should price action for the USDJPY remain inside the 116.800 to 117.200 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 116.900
• Take Profit Zone: 120.000 – 121.000
• Stop Loss Level: 116.000

Should price action for the USDJPY breakout above 117.200 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ Retracements in the trend; buy orders during dips
• Take Profit Zone: 120.000 – 121.000
• Stop Loss Level: 116.000

Should price action for the USDJPY breakdown below 116.800 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 116.500
• Take Profit Zone: 115.000 – 115.500
• Stop Loss Level: 117.200

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