USDJPY stoploss hunting and buy zone
Last spike down didn't go through 1.08 to get all stoplosses, and the chart shows a USD demand zone. Buy orders set in the box with SL below.
Note
Just noticed that there might be a lot more downside: 
Trade closed: stop reached
The monthly chart won.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.