USDJPY has been bouncing between 108 and 114 for almost a year and we're back down at 108. There was a quick sell off so I'm buying the breakout with a stop loss @108. My target is whatever the price is when the daily RSI = 70. There is also bullish divergence and a ton of reversal candlesticks, dojis, hammers etc on the 4H.
Has been trapped under significant line of resistance for a while. Most of my opinions are posted on the picture. I don't know how to include the "Ichimoku Kinko Hyo" but the Kijun Sen line is acting as support/resistance. I would argue waiting until price breaks through Kijun Sen before entering trade.