The short on USDJPY on the target zone 89.00-80.00 (900 PIPs) already completed (read attached analysis) and the pair pressured to 78.50 by the relative price to USDJPY and USDCAD by widening the band from 900 PIPs to 1050 PIPs,
The current target zone estimated at 78.50 - 88.50, narrower and wider subject to relative price to USDJPY and USDCAD in the future (most likely wider). The fist tranche near to complete for about 650 PIPs.
Re-buy/re-long will be re-executed after CADJPY pressured by the USDCAD by measuring the relative price to USDCAD and USDJPY in the future. Price may be pressured for 200-300 PIPs, lesser and more subject to actual relative price to USDJPY and USDCAD to re-enter the long/buy.
Long trade most recommendable by multiple long trade tranches due to the pressure from USDCAD could be high by the current interest rate differential.
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The short on CADJPY, not USDJPY
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I repeated to long CADJPY at 83.40 to target upper ceiling. Risk is managed based on collective risk management of all trading portfolios.
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The long closed for small profit. CADJPY is expected to be pressured down to monthly lower and to repeat to long to upward.
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Beaware, the NZDJPY, AUDJPY, CADJPY, GBPJPY, EURJPY, CHFJPY could be re-hammered down, therefore long must be re-measured from her new lows based on their target zones performance with their major pairs.