100,17. 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 decreases. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 101,00. The downtrend should resume.
=> We could take a short position at 100,30. We will put the stop loss above 100,80 (-50 pips). The targets are 99,50 (+80 pips) 99,00 (+130 pips) 98,00 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
100,60 - 101,00
100,00 - 99,10

Arnaud Jeulin