ChrisThein
Long

USD/JPY Entering into range low's for a Bullish opportunity

FX:USDJPY   U.S. Dollar/Japanese Yen
Price has been in a range from 111.00-114.00. Price is at the range lows on the four hour chart. We have tweezer bottoms and RSI divergence on the Daily. I'm looking to get long around 111.05 at the 4 hour structure support. I'll have my stop just below the swing low's at 110.60. Looking to take profits at the range high at 114.00. Price rejected the 112.24-112.45 zone before dropping through it, this could be an area where former support becomes resistance. This zone could be used as initial profit target or pullback area. Good luck trading out there.
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