90,88. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The price should find a support above 90,00 (88 pips).
=> We could take a short position at 90,90. We will put the stop loss above 91,30 (-40 pips). The targets are 90,00 (+90 pips, risk/reward 1:2.3), 89,60 (+130 pips, risk/reward 1:3.3) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
91,30 - 91,60
90,60 - 90,00