On the daily time frame for UsdJPy we see that it has been trading in a tight range for a while. Also we see that the current candle is above the upper range. This is an indication of a possible break out. Since its the daily time frame we need to wait till the end of the day and see if this candle still is above the upper range. If its not then it could be a resistance rejection followed by a wave down. Another bullish sign is that the indicators are also making a bullish crossover. Making a break out of the upper range very likely.
Entry: Wait till 1-2 hours before market close and see if the upper range is still broken. Or wait till market is closed and open a buy trade on Monday. Take Profit: 114.20 Stop: 112.50