Should price action for the USDJPY remain inside the 117.600 to 118.000 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 117.800
• Take Profit Zone: 120.000 – 121.000
• Stop Loss Level: 116.000

Should price action for the USDJPY breakout above 118.000 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: 120.000 – 121.000
• Stop Loss Level: 116.000

Should price action for the USDJPY breakdown below 117.600 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 117.500
• Take Profit Zone: 115.000 – 115.500
• Stop Loss Level: 118.000

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