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USDJPY Daily : Time for a bounce to the upside?

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
aceofswords  
FX:USDJPY   U.S. Dollar / Japanese Yen
9
0
USDJPY DAILY : Looks like a retracement bounce up off the 1 year old trend line may already have begun.... Price contact with TL also coincides with a previous dynamic support level at 121.804. 618 fib lies at 122.944, with previous support / resistance levels nearby at 123.314 & 13.125...... This could be the target level range for said retracement. See also ''zoomed in'' lower time frame chart.
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