USDJPY Buy Opportunity

The price bounces from the cloud of Ichimoku indicator. RSI confirms price reversal. DMI allows opening long trades. Pending orders for buy can be placed at 107.20 level with stop orders at 106.85 level. Profit target are 108.00 and 109.00 resistance levels. For confirmation the upward movement, it's better to wait when ADX line moves above 20 and DMI becomes bullish.

Komentar:

The price breaks the uptrend lines. The buy orders should be removed. The market gives a new short opportunity.