107,91. 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. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 109,00 (110 pips) resistance.
=> We could take a long position at 107,90. We will put the stop loss below 107,40 (-50 pips). The targets are 108,50 (+60 pips) 109,00 (+110 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
108,00 - 108,50
107,50 - 106,70