USDJPY Trading Opportunity

On the daily chart price is going to bounce from Tenkan line. We have long opportunity and on lower time frames we should search for entry levels for buying. Based on the 4H chart we can see that the market bounces from the kumo. RSI confirms price reversal. DMI confirms trend market conditions and allows open long trades. We can place buy-stop orders at 113.550 level with stop below 112.800 level. Profit target can be at 114.300 resistance level. If price passes throught the kumo, we'll get a sell signal. Sell-stop orders can be placed below 112.800 with stop above 113.500 level. Profit targets for short trades will be at 112.00 and 111.00 support levels.