[TRADE SETUP] (RR=4.54) USDJPY Downside Breakout

USDJPY pushed through the falling TL and prior swing resistance level, we could be looking for it to make its way up to test the 200 SMA before falling back down. Still in the trade SHORT and will continue to see what happens. Will be moving SL to a bit above the 200 SMA / 78.6 fib level as PA plays out.

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Looks like PA went slightly over the 61.8 level and is now heading back down, I am in the trade and have already moved my SL to breakeven+5. Will trail my SL with a hopeful TP1 of 110.70 with a possible further push down to 109.80 area.