Should price action for the USDJPY remain inside the 117.000 to 118.000 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 117.500
• Take Profit Zone: 103.750 – 105.250
• Stop Loss Level: 119.000

Should price action for the USDJPY breakdown below 117.000 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: 103.750 – 105.250
• Stop Loss Level: 119.000

Should price action for the USDJPY breakout above 118.000 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 118.250
• Take Profit Zone: 119.500 – 120.000
• Stop Loss Level: 117.500

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