106,72. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The uptrend should continue to gather momentum. The price should find a support above 106,30.
=> We could take a long position at 106,70. We will put the stop loss below 106,20 (-50 pips). The targets are 107,40 (+70 pips) 109,00 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
107,10 - 107,50
106,30 - 106,00