Good afternoon dear traders! Here is a trading idea for USD/JPY.
Since the end of March, the pair has been under pressure and has several times come close to the round level of 107:
Therefore, I suggest lowering the pair below 107 using the “stop hunting” method:
Today, two downward scenarios are possible:
The most profitable option is to sell the pair with a false breakdown of 108, and hold the deal until the breakdown of 107. Possible movement is 1000p.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: Trading idea for USD/JPY