It looks like USDJPY is heading for a short term bounce of the main support region highlighted on chart amon 118.50-118.30. The price was rejected today forming a long-legged candle at that support.
For the scenario, i would book profits starting at 119.60, followed by 120.40 main next resistance.
If 118.30 breaks, I would anticipate more downside for 116.90.
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