TkCha

USDJPY Regular Bullish Divergence

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
On the Daily chart, we see that UJ has reached a major daily support level as well as indicators are showing regular bullish divergence. Here is a good opportunity to take a long position or look for a pullback on smaller timeframe to enter. I will be aiming for 110.20 - 110.40 for my first target. Second target will be 111.20. Your SL should be at a logical level below the daily support trend line.
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