106,64. USD JPY broke 106,30 resistance. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue to gather momentum. The price should find a resistance below 107,30 (65 pips). If the resistance is broken then the target will be 109,00 (235 pips).
=> We could take a long position at 106,50. We will put the stop loss below 106,00 (-50 pips). The targets are 107,50 (+100 pips) 109,00 (+250 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
106,90 - 107,30
106,00 - 105,30