At march 23rd price jumped from the bottom of channel and entered short-term uptrend. I really like to play situation like this, and up to now it is my most profitable strategy.
I think we are somewhere in the middle of this uptrend, and grow should continue during next few weeks - of course if market wont react with panic to news from Syria. If yes, it will be probably good opportunity to buy for better prices. If $USDJPY continue its growth, next correction could be somewhere near SMA100. I saw corrections there on that pair, so even the statistics suggests, that there is quite big probability that will happened there.
My game plan is to buy more on corrections and then buy again if our chart will cross SMA100.
"one good trend pays for them all" :)
Longs on USDJPY made a lot of money, but we should "ride that trend right to the end"! :D So I set up trailing stop-loss.
If price will go down, I will close my positions (I have set trailing stop-loss to protect my profit) and when it will cross SMA100 I will buy it again. In this case I will be very carefull with my trading, because there was two situations that price crossed SMA100 and it dropped to the channel bottom. From now risk management is crucial.