USD/JPY - Bears are returning?

FX:USDJPY   U.S. Dollar / Japanese Yen
39 1
As it can be seen on chart, a bearish AB=CD has been formed in the upper boundary of the channel. I propose a short position if the 120.4 level is broken, targeting 118.4 and with a stop loss at 121.2.

Good luck
Nice move here. Move the stop loss to break even point.
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