Should price action for the USDJPY remain inside the 102.50 to 102.80 zone the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Short Position
• Entry Level: Short Position @ 102.70
• Take Profit Zone: 101.20 – 101.50
• Stop Loss Level: 103.60

Should price action for the USDJPY breakdown below 102.80 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: 101.20 – 101.50
• Stop Loss Level: 103.60

Should price action for the USDJPY breakout above 102.80 the following trade set-up is recommended:

• Timeframe: D1
• Recommendation: Long Position
• Entry Level: Long Position @ 102.90
• Take Profit Zone: 103.60 – 104.00
• Stop Loss Level: 102.10

Open your PaxForex Trading Account now and add this currency pair to your forex portfolio.

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