Last week i posted an idea about my view on USDJPY (there is a link below) showing that this pair is bearish. For those who want to trade this pair with a smaller stoploss, there is a cypher pattern which is about to be completed. Having in mind that this market is about to sell off this pattern gives us a high probability setup.
Stoploss and profit targets as shown at the chart. If price reaches the first target we should move stoploss to breakeven to the second one.