105,25. USD JPY broke 104,80 resistance. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 107,50 (220 pips) resistance.
=> We could take a long position at 105,20. We will put the stop loss below 104,80 (-40 pips). The targets are 105,90 (+70 pips) 106,50 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

updated 05 mai 2008 05:56 GMT +02:00