USD/JPY price action is moving well within a symmetrical triangle and is respecting trend lines. On the day chart the 200 MA (black line) has kissed price as noted (as circled). I would expect the 200 MA to serve as an area of dynamic resistance, and would place a stop loss not to exceed 50 pips above this area. Price action has respected the 61.8% fib level on it's way down. It's possible that price could extend to the 127% fib extension area. This area also serves as a major area of support. I would not enter as a market execution but would allow room for price to retrace to around the 50% fib level. If played out, the reward on this idea would be around 240 pips. This idea is for educational and study purposes only. Trade at your own risk.