I closed out my USD/JPY long position tonight as the pair has hit the falling trendline on the daily chart.  I've taken my profits and will wait to see what happens next.  Here's the daily chart...

 

If the pair breaks the down trendline and continues its move up, I'll be prepared with a long order to get back in.  Entering a buy order just above the recent high of 98.580.  We'll see if it gets triggered.

• Long Entry:  98.65
• Initial Stoploss:  97.30