Possible lateral strategy on USDJPY

2020-02-03 00:29:14

#USDJPY two trades for the next week. The price may end its bearish movement around 107.92 Area where a big bullish movement started on the 7th of Jan.
Anyway... it's possible a little retracement before this. So 109.019 could be a very good level to short. It doesn't matter which one first. Both are good levels to trade once.

1st Trade BUY
Entry point 107.930: it's the same level of a previous big impulse (7th of January) and 100% of Fibo
SL 107.640
TP 108.560

2nd Trade SELL
Entry Point: 109.00
SL 109.165
TP 108.840 (R:R 1:1) but you can set a wider TP if the price hasn't reached 107.94 area before.