DLavrov
Long

USDJPY Bullish Divergence

FX:USDJPY   U.S. Dollar / Japanese Yen
The trading idea is based on a bullish divergence which gives a trend reversal signal. MACD supports the upward movement. DMI is bearish but ADX line falls. It gives a signal that the bears are not so strong. Weekly chart is at possible bottom. We have a buy opportunity. Entry level can be above the local swing high at 107.20 level. Stop orders must be placed at 104.50 level. The 1st profit target is 109.00 level. If the price breaks SMA100, the 2nd profit target should be at 111.00 level.
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Nice! There also is an impending golden cross & a bull flag on the daily
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@DLavrov agree on this one!
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Target 108-108.50 next week.
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