107,28. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 106,00 and 107,90. The volatility decreases. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 107,90. The downtrend should continue to gather momentum.
=> We could take a short position at 107,50. We will put the stop loss above 108,00 (-50 pips). The targets are 106,50 (+100 pips) 106,00 (+150 pips) 105,50 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
107,90 - 108,30
106,60 - 106,00