FX.co ★ Trading idea for the USD/JPY pair

Good afternoon traders! Here is a trading idea for the USD/JPY pair.

Yesterday, a very significant short initiative took place, which brought the pair to the weekly level 106.6 for the third time.

To decrease the quote even more in the chart, trade short positions for a breakout, targeting the level of 106. Such an idea is based on the Price Action and Stop Hunting strategies.

Cancel the plan if the quote moves up to a value of 107.5.

Good luck!