93,12. 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 low. Bollinger bands are flat. 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 92,90 (22 pips). The uptrend should continue on 94,00 resistance (88 pips).
=> We could take a long position at 93,00. We will put the stop loss below 92,75 (-25 pips). The targets are 93,60 (+60 pips, risk/reward 1:2.4), 94,00 (+100 pips, risk/reward 1:4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
93,50 - 94,00
92,90 - 92,30