109,46. USD JPY is in an downtrend directed by 1H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 109,90. The downtrend should continue to gather momentum.
=> We could take a short position at 109,50. We will put the stop loss above 109,90 (-40 pips). The targets are 108,30 (+120 pips) 107,60 (+190 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
109,70 - 109,90
108,90 - 108,30