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
Should price action for the USDJPY breakdown below 102.50 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: 100.60 – 101.00
  • Stop Loss Level: 103.70
Should price action for the USDJPY breakout above 102.90 the following trade set-up is recommended:
  • Timeframe D1
  • Recommendation: Long Position
  • Entry Level: Long Position @ 103.00
  • Take Profit Zone: 103.80 – 104.10
  • Stop Loss Level: 102.50
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