USDJPY stoploss hunting and buy zone

FX:USDJPY   U.S. Dollar / Japanese Yen
Last spike down didn't go through 1.08 to get all stoplosses, and the chart shows a USD demand zone . Buy orders set in the box with SL below.
Comment: Just noticed that there might be a lot more downside:
Trade closed: stop reached: The monthly chart won.
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