There is a well defined support and resistance zone from 115.50 to 112.00. The USDJPY printed a strong bearish candle with its close price well below that zone. So, a move towards the 108.00 is possible, however the pair may find some buying pressure/take profit around 110.00. I entered this trade at 110.88, stop at 112.50, take profit at 108.50. A close above...
There is a well defined downtrendline that was broken today. First obstacle around 84.00 which may be the first target if this pair goes up. Stop may be placed around 81.20. Risk:reward around 1:2.