My reading of the USDJPY is that this pair doesn’t want to go lower – it is very well bid. It may go lower in a stop hunt to perhaps 98.20 at the most although I think 98.50 will stop it. However, that will be very temporary and a good place to go long. On the other hand the risk is that if this pair starts climbing it will definitely tackle 100 again and this time it may go through all the way to 101 and higher.
I have therefore closed UJ short, as follows:
Closed USDJPY at 98.96, + 1 pip.
My system trade is still short, although the next candle could very well turn it long too, unless we have a plunge down below 98.60.