106,54. USD JPY is in an downtrend directed by 4H exponential moving averages. USD JPY is in a consolidation after the last bearish movement. USD JPY is in a range between 105,40 and 107,15. The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in Bollinger bands.
=> We could take a short position at 106,60. We will put the stop loss above 107,20 (-60 pips). The targets are 105,60 (+100 pips) 105,00 (+160 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
107,00 - 107,60
106,30 - 105,60