USDJPY has been getting hit hard recently so trying to go long can be pretty risky but I do see a potential price area that acts as support. This might be like trying to catch a falling knife so do it with caution and watch for reversal confirmations before entering to play it safe.
I have identified a at 104.575 where haves price reversed 3 times in the past (as seen by the green circle/oval) where initially it acted as a resistance but after prices broke through, it acted as support for the next 2 price test.
This also happen to be the 0.786 FIB extension level. If going long at the then take profit levels can be set in the price range within the blue where support will have turned into resistance now. Stop loss can be placed slightly below the .
Take profit: 106.6 - 108
Stop loss: 103.3
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