Should price action for the USDJPY remain inside the 119.000 to 119.400 zone the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ 119.300
• Take Profit Zone: 117.300 – 117.800
• Stop Loss Level: 120.300

Should price action for the USDJPY breakdown below 119.000 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 117.300 – 117.800
• Stop Loss Level: 120.300

Should price action for the USDCHF breakout above 119.400 the following trade set-up is recommended:

• Timeframe: H1
• Recommendation: Long Position
• Entry Level: Long Position @ 119.500
• Take Profit Zone: 120.000 – 120.500
• Stop Loss Level: 119.000

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