104,28. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are parallel and form the trend. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 104,00. The consolidation should continue. If the support is broken then the target will be 103,00.
=> We could take a short position at 104,30. We will put the stop loss above 104,75 (-45 pips). The targets are 103,75 (+55 pips) 103,00 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
104,70 - 105,25
104,00 - 103,75