91,18. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 91,70 (52 pips). The downtrend should continue to gather momentum.
=> We could take a short position at 91,20. We will put the stop loss above 91,80 (-60 pips). The targets are 89,70 (+150 pips, risk/reward 1:2.5), 88,80 (+240 pips, risk/reward 1:4) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
91,70 - 92,00
90,85 - 89,70