20.04.202009:47 Forex Analysis & Reviews: Trading idea for USD/JPY

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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:

D1:

Today, two downward scenarios are possible:

H1:

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.

Good luck!

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