Overview- USD/JPY is trading in a small range over the last few days. However,
it seems that a big move may happen very soon. Let us take a look at a low risk buy set-up.
Analysis – From the chart, you can see that price is in a minor support area . It is
also near the 100 period moving average on the 4-hour chart.
Probable trade set-up – Based on this, a buy entry between 109.15-109.25 with SL
below 109 and TP at 110.10 is a possible buy set-up.
Disclaimer – This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.