Based on 1D chart, yesterday's candle closed with indecision, nicely within the resistance area. There's a lot of potential for a reversal, especially that USDJPY is in major downtrend.
Comment:
This setup neither proved nor declined itself yet. We can see that the price seems to reverse though and this may be a good moment to setup the trade. I'll be looking for short entry around 105.20
Trade active
Trade closed: target reached:
My first target was reached :)