USDJPY Bullish Divergence

The price diverges with MACD histogram. It gives us a trend reversal signal. RSI confirmed price reversal from 106.00 support level. MACD histogram supports the upward movement. ADX line falls and it allows us opening long trades. If the price breaks the downtrend line and 108.00 resistance level, it will be possible to buy. Stop orders must be placed below the local swing low at 105.50 level. Profit targets should be at 111.00 and 114.00 resistance levels.

Alternative variant: if the price bounces from the downtrend line, we'll see the market falling to 106.00 support level. This price movement will be used for making profit based on sell signals from lower time frames.