91,96. USD JPY broke 91,00 resistance. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a support above 91,80 (16 pips). The uptrend should continue on 94,00 resistance (204 pips).
=> We could take a long position at 92,00. We will put the stop loss below 91,50 (-50 pips). The targets are 93,00 (+100 pips, risk/reward 1:2), 94,00 (+200 pips, risk/reward 1:4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
92,40 - 92,90
91,80 - 91,40