Should price action for the USDJPY remain inside the 105.60 to 106.00 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 105.80
• Take Profit Zone: 109.40 – 109.80
• Stop Loss Level: 104.00

Should price action for the USDJPY breakout above 106.00 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: 109.40 – 109.80
• Stop Loss Level: 104.00

Should price action for the USDJPY breakdown below 105.60 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 105.50
• Take Profit Zone: 103.60 – 103.40
• Stop Loss Level: 106.50

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