USDJPY – March 20th 2014

Should price action for the USDJPY remain inside the 102.30 to 102.50 zone the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ 102.45
• Take Profit Zone: 101.00 – 101.30
• Stop Loss Level: 103.10

Should price action for the USDJPY breakdown below 102.30 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
• Take Profit Zone: 101.00 – 101.30
• Stop Loss Level: 103.10

Should price action for the USDJPY breakout above 102.50 the following trade set-up is recommended:

• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position @ 102.60
• Take Profit Zone: 103.40 – 103.70
• Stop Loss Level: 102.30

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