107,41. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 107,50. The downtrend should continue to gather momentum.
=> We could take a short position at 107,45. We will put the stop loss above 107,65 (-20 pips). The targets are 106,80 (+65 pips) 106,20 (+125 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
107,50 - 107,70
107,10 - 106,80