Hello my dear friends,
We've mentioned in a previous idea that USDJPY showing lag of bullish momentum and we must break the ascending trendline line to confirm this lag.
https://www.tradingview.com/chart/USDJPY/QhRI4MK4-USDJPY-protect-your-position/
USDJPY break below this trend and we would target lower price levels.
Short market @ 108.714
Stop-loss @ 109.69
Target 1 @ 107.859 -- R/R ratio : 0.88
Target 2 @ 106.496 -- R/R ratio : 2.27
Good luck!