Historic S&R Indicates long term USDJPY Short

This time last year, the pair experienced a similar drop in price that went on to consolidate at the SAME S&R level for a while before proceeding to drop to the ~106 mark and then to the ~102 mark. If history is bound to repeat itself, we can expect this pair to cease consolidation towards the end of March.

I expect that the trade will not be active for a little while, but I thought I'd add preemptively publish this before the drop.

Trade open: 111.89
SL: 112.67
TP1: 106.64
TP2: 102.28