FX.co ★ remington.kihn | USD/JPY

H1 timeframe, USDJPY instrument. The chart clearly suggests considering a sell trade. The price level of 159.26 will be our entry point for selling. We will place a stop order beyond 159.42. We will divide our position into three parts and close them sequentially. 1) We will close the first half after a move of 16 pips. 2) The second half of the remaining position will be closed after another 16 pips. 3) We will close the remaining position in the market after the final 16 pips. And then, we can take a break for today.