95,07. USD JPY broke 96,00 support. USD JPY is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 94,50 (57 pips). If the support is broken then the target will be 91,00 (407 pips).
=> We could take a short position at 95,20. We will put the stop loss above 95,70 (-50 pips). The targets are 92,50 (+270 pips, risk/reward 1:5.4), 91,00 (+420 pips, risk/reward 1:8.4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.