109,32. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 109,70. The downtrend should continue to gather momentum.
=> We could take a short position at 109,40. We will put the stop loss above 109,85 (-45 pips). The targets are 108,30 (+110 pips) 107,40 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
109,40 - 109,80
108,30 - 107,40