Marenno
Long

USDJPY Observation (Still got room to go Up)

FX:USDJPY   U.S. Dollar / Japanese Yen
The pair's price has formed unwritten highs on a 1h chart .

The PNF             gives a potential target at 123.75.

The correction can start of the 121.50 level, but is less likely, as a bullish market continues.

In case of a non-false 121.50 level breakout, the target is at 123.75 and SL below 121.100

I suggest to use a “timing” stop (Close if the price will not go in your direction within 3 bars (as an example), all depends on your trading strategy)
P.S. Using a small stop losses in my strategy makes them triggered quite often, however, it saves my account from wide drawdowns, and keeps my RRR             positive.
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