Over here, I updated the waves for USDJPY. The idea is still short. But you can adjust the stop loss if you are already in the money.
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Price almost reach the stop loss here but was rejected before that. Means our stop is well-placed.Note
USDJPY has seen volatile move that would have shaken out some traders, but I think we are at the point (144.50 price at this time of typing) were breakdown is highly likely. Stay short. Related publications
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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.