A break of 2 strong levels could see price visit the moon again... so get your space suits on ;p
If you are in this trade then please use correct risk management as brexit can be a Fu@k#r so do your research and look at the economic calendar for any high impact news!
There's also the making of a head and shoulders in that formation.
All /JPY pairs are at risk of being dispatched south as Bank of Japan, the FED and PPT give up (possibly) in the next week or two. We won't be given advance word of that happening in any economic calendars - so this amounts to systematic risk. Hope you get to the moon, though - against all odds. 🖖👍
You bring up some valid points, but our trading style seems to be slightly different than yours.
Speak later... I’m just off to NASA to prepare for space 🤪😂