I have already entered long last week (see my USDJPY long related idea), will add to it this coming week when price dip to around 118.90, stop maintained at 118.00.
We have all been watching USDJPY forming a large triange but I'm afraid this is no longer the case when looking at last Thursday's price action, price bounced impulsively at slightly below 118.20, where equals to 0.618 of (w) and a=c.
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Upper channel line broken, long from this level is still still valid. looking to add more position. 122.3 remains initial target.