Should price action for the USDJPY remain inside the 102.10 to 102.40 zone the following trade set-up is recommended:
- Timeframe: H1
- Recommendation: Short Position
- Entry Level: Short Position @ 102.30
- Take Profit Zone: 101.60 – 101.80
- Stop Loss Level: 102.70
Should price action for the USDJPY breakdown below 102.10 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: 101.60 – 101.80
- Stop Loss Level: 102.70
Should price action for the USDJPY breakout above 102.40 the following trade set-up is recommended:
- Timeframe H1
- Recommendation: Long Position
- Entry Level: Long Position @ 102.50
- Take Profit Zone: 103.10 – 103.30
- Stop Loss Level: 102.10
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