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.