Should price action for the USDJPY remain inside the 102.50 to 102.90 zone the following trade set-up is recommended:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ 102.70
- Take Profit Zone: 100.60 – 101.00
- Stop Loss Level: 103.70
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position @ Retracements in the trend; sell orders during rallies
- Take Profit Zone: 100.60 – 101.00
- Stop Loss Level: 103.70
- Timeframe D1
- Recommendation: Long Position
- Entry Level: Long Position @ 103.00
- Take Profit Zone: 103.80 – 104.10
- Stop Loss Level: 102.50