USDJPY

Resistance: 123.25/30; 123.62/66; 123.87; 124.10/15 (key, longterm)
Support: 122.95; 122.60; 122.25/30 (key, lower limit of the chanell); 121.90/95; 121.47/52; 120.80/85
Short 123.22 (add 124.10 & 125.55 if cd seen) - t/profit at 116.60 & 112.40

Comment:

121.40 - No changes in scenario.
Key long term supports at 120.60/65 (horisontal) and at 119.90/97 (diagonal).
Back to 122.30 not preffered. Above 122.60/70 aborts scenario.

Comment:

117.55 - No changes in scenario.
Key support for now 117.35/45 area - hourly close below (better 4-hourly) will open the way to 116.60/70 (1-st TP area); 116.20/30; 115.80.
Back above 118.70/80 not preffered.

Comment:

Jan 15
116.58 - No changes in scenario. Look 4lower.
1-st T/Profit at 116.60 - Done.

Support: 116.15/20 (Low 2015.08.24); 115.75/80; 115.25 ...
Resistance: 117.25; 117.60; 118.30/35 ...
Back above 118.30/35 not preffered.

Trade closed: target reached:

Feb 11
112,47 - 2nd T/Profit at 112,40 - Done

Deal profit:
1st T/P - 123,22-116,60 (662 pips)
2nd T/P - 123,22-112,40 (1082 pips)