Good RR 3.6 on Daily chart for USDJPY TP above 105. SL at 99.87
Buy limit order setup at 101.35-101.4. SL control at 99.87
With the daily chart, the downside traend has been de-accelerate with lower slope side way move from mid of June. This is concurrent with BOJ's policy.
Time cycle indicate the that the price is going to have some changes.
RSI and MACD give you a good idea of long term divergence which add the confidence to long USDJPY.
Policy wise, Boj will never give their experiment of Monetary policy. (At least with Abe still in charge. )
With the daily chart, the downside traend has been de-accelerate with lower slope side way move from mid of June. This is concurrent with BOJ's policy.
Time cycle indicate the that the price is going to have some changes.
RSI and MACD give you a good idea of long term divergence which add the confidence to long USDJPY.
Policy wise, Boj will never give their experiment of Monetary policy. (At least with Abe still in charge. )