FX.co ★ USD/JPY

timeframe, USDJPY instrument. The chart clearly suggests considering a long position. The price level at 157.76 will be our entry point for buying. We will place a stop order below 157.53. We will divide our position into three parts and close them one by one. 1) We will close the first half after a 22 pips gain. 2) The second half of the remaining position will be closed after another 22 pips. 3) We will close the rest of the position in the market after the final 22 pips. And then we can take a break for today.