107,13. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 107,60. The downtrend should continue to gather momentum.
=> We could take a short position at 107,20. We will put the stop loss above 108,00 (-80 pips). The targets are 106,00 (+120 pips) 105,50 (170 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
107,30 - 107,90
106,90 - 106,00